CLARITY ACT ODDS CRASH TO 37% — SENATE DEADLOCK OVER ETHICS CONTINUES!
The CLARITY Act — the most important crypto legislation in U.S. history — is facing renewed hurdles. Polymarket odds of passage this year have crashed to ~37%, down from over 80% in the spring.
What's happening? The White House accepted an ethics provision prohibiting federal senior officials, including the president and vice president, from holding personal crypto interests. But Senate Democrats rejected the Trump-approved ethics provision, demanding stronger safeguards. The core dispute over enforcement authority remains unresolved.
The Clock is Ticking: Coinbase CEO Brian Armstrong is pressing the Senate to bring the bill to a full floor vote before the August recess. But with time running out, passage looks increasingly uncertain.
Takeaway: This is a make-or-break moment for US crypto regulation. Markets are watching every development!
$CL
#Regulation #CLARITYAct #SEC #CFTC #CryptoPolicy
The CLARITY Act — the most important crypto legislation in U.S. history — is facing renewed hurdles. Polymarket odds of passage this year have crashed to ~37%, down from over 80% in the spring.
What's happening? The White House accepted an ethics provision prohibiting federal senior officials, including the president and vice president, from holding personal crypto interests. But Senate Democrats rejected the Trump-approved ethics provision, demanding stronger safeguards. The core dispute over enforcement authority remains unresolved.
The Clock is Ticking: Coinbase CEO Brian Armstrong is pressing the Senate to bring the bill to a full floor vote before the August recess. But with time running out, passage looks increasingly uncertain.
Takeaway: This is a make-or-break moment for US crypto regulation. Markets are watching every development!
$CL
#Regulation #CLARITYAct #SEC #CFTC #CryptoPolicy