TD Cowen has reduced the likelihood of passage of the CLARITY Act to 25%, below Galaxy Research's previous estimate of 30%. The Senate returns on September 14, but has only until October 2 before a full-month recess ahead of the election.

The issues surrounding Stablecoin incentives under Section 404 and unresolved Trump ethics concerns remain unresolved.

Klaros Group: "The situation still doesn't look good."
$BTC