Anthony Scaramucci Warns CLARITY Act Could See 3-Year Delay, While Calling Bitcoin Downturn ‘Cyclical’

• Anthony Scaramucci stated that U.S. crypto legislation, including the CLARITY Act, may not pass for two to three years.
• Speaking at the Solana Policy Summit, Scaramucci said that bank lobbying and political gridlock are significant factors delaying progress.
• Scaramucci saw the Bitcoin slump as a cyclical market trend and predicted a revival by the end of the year.

Anthony Scaramucci revealed this week that U.S. crypto legislation, including the CLARITY Act, may not pass for the next two to three years, even as he framed the current Bitcoin (BTC) downturn as part of a “cyclical” market cycle.

Speaking at the Solana Policy Summit, the founder of SkyBridge admitted that the timeline has slipped despite his initial expectation that important bills would be approved by the end of 2025. “If you had asked me [if] the Clarity Act would be passed by the end of 2025, I would have said yes,” he said, adding that “here we are, we don’t have clarity passed.” 

He attributed the slowdown largely to bank lobbying pressure, particularly over stablecoin yields, as well as broader political gridlock, noting that competing interests in Washington have made reaching consensus difficult.  

Despite the delays, regulatory clarity remains critical for broader adoption, he said. “If you don’t get the clarity act… you’re not going to get the banks to really open up,” he said, highlighting limitations in custody, lending, and other services without clear rules.

Scaramucci stressed that adoption still depends on the passage of the CLARITY Act, despite the delays. Major banks are unlikely to fully participate in cryptocurrency without it, he said, which would limit services like lending, custody, and wider integration into traditional finance.

When Will Bitcoin’s Bear Market Be Over? 

Scaramucci said the current Bitcoin weakness was a familiar pattern, tied to the four-year market cycle. “This is a cyclical bear market… you typically don’t get any type of real recovery until the first quarter of next year,” he said, later adding that a rebound could begin around “October, possibly November.”  

Bitcoin's price was trading at $78,060, up 0.4% in the last 24 hours. On Stocktwits, retail sentiment around BTC remained in the 'bullish' zone, while chatter stayed in the 'normal' levels over the past day.

“Everybody is a long-term investor until they have short-term losses. The minute they have short-term losses, they go crazy.”

— Anthony Scaramucci, founder and managing partner of SkyBridge Capital

He also pointed to selling pressure from large holders as a factor in recent declines, with “whales… pumping lots of coins into the supply” around recent highs contributing to the downturn. In the short term, Scaramucci maintained that sentiment remains overly negative, contending that the broader trajectory for Bitcoin and digital assets is still being influenced by long-term adoption trends.

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