PANews reported on May 27 that, according to The Block, TD Cowen stated that the likelihood of the CLARITY bill passing this year is decreasing as the US political environment continues to deteriorate. Jaret Seiberg, managing director of TD Cowen's Washington research group, pointed out that recent developments involving President Trump have made it more difficult for Democrats to support the bill unless it includes conflict-of-interest clauses.

Several developments Seiberg cited include: the settlement between Trump and the IRS establishing a $1.776 billion antiweaponization fund and permanently prohibiting the IRS from auditing Trump and his family's past tax returns; a New York Times investigative report revealing how prediction markets and crypto interests drive their agenda, and the Trump family's connections to multiple crypto companies; and government-disclosed financial documents showing approximately 3,600 stock transactions executed in Trump's name in the first three months of 2026, some coinciding with Trump's public discussions of related companies or policies. Seiberg believes these developments increase pressure on Democrats to include conflict-of-interest clauses, and Republicans may delay legislation due to their reluctance to vote against amendments targeting Trump. With the midterm elections approaching, there is little room for further delays.