CLARITY Act Odds Crash to 10-19% — Both Regulatory Paths Stalled!
🚨 Major Regulatory Setback: The CLARITY Act — crypto's most important legislation — faces a narrowing path to passage. Polymarket odds of 2026 passage have crashed to ~19%. Galaxy Digital has cut its estimate to just 10%.
What's happening?
· The Senate left for a five-week recess without advancing the bill
· The next procedural test is not expected until September 15
· Core disputes remain over ethics provisions and regulatory boundaries
The Irony: a16z released a major statement on August 16 arguing the CLARITY Act is "urgent" and that the current regulatory uncertainty is the biggest risk. Senator Kennedy also urged the Senate to pass the bill immediately.
SEC Backup Plan Stalled: The SEC canceled its "Regulation Crypto" vote scheduled for August 14, citing an "unforeseen scheduling issue" with no new date set.
Takeaway: Both regulatory paths — legislative and administrative — are currently stalled. September 15 is the next key date to watch!
$CL
#Regulation #CLARITYAct #SEC #CryptoPolicy #BTC
🚨 Major Regulatory Setback: The CLARITY Act — crypto's most important legislation — faces a narrowing path to passage. Polymarket odds of 2026 passage have crashed to ~19%. Galaxy Digital has cut its estimate to just 10%.
What's happening?
· The Senate left for a five-week recess without advancing the bill
· The next procedural test is not expected until September 15
· Core disputes remain over ethics provisions and regulatory boundaries
The Irony: a16z released a major statement on August 16 arguing the CLARITY Act is "urgent" and that the current regulatory uncertainty is the biggest risk. Senator Kennedy also urged the Senate to pass the bill immediately.
SEC Backup Plan Stalled: The SEC canceled its "Regulation Crypto" vote scheduled for August 14, citing an "unforeseen scheduling issue" with no new date set.
Takeaway: Both regulatory paths — legislative and administrative — are currently stalled. September 15 is the next key date to watch!
$CL
#Regulation #CLARITYAct #SEC #CryptoPolicy #BTC