CLARITY ACT ON LIFE SUPPORT — ODDS CRASH TO 13% AS SENATE CLOCK TICKS!
🚨 Critical Update: The CLARITY Act faces its final 24-hour window for a Senate vote. The Senate's last effective working day before recess is August 7. The bill was absent from the Senate's published schedule.
Polymarket odds of 2026 passage have crashed from 82% in February to just 13%. Disagreements persist over stablecoin interest payments and ethics provisions restricting senior officials, including President Trump, from involvement in crypto businesses.
JPMorgan and Bernstein warn that CLARITY Act failure could be a "direct headwind" and lead to further crypto market declines. Coinbase, by contrast, still sees a "relatively high chance" of securing Democratic defectors.
The Bright Spot: Bitwise CIO Matt Hougan says crypto can sustain growth even without the CLARITY Act — expanding institutional adoption and expected SEC rulemaking have already positioned the industry to move forward.
Takeaway: The next 24 hours could define U.S. crypto regulation for years. Markets are watching every move! ⚖️
$CL
#Regulation #CLARITYAct #SEC #CFTC #CryptoPolicy
🚨 Critical Update: The CLARITY Act faces its final 24-hour window for a Senate vote. The Senate's last effective working day before recess is August 7. The bill was absent from the Senate's published schedule.
Polymarket odds of 2026 passage have crashed from 82% in February to just 13%. Disagreements persist over stablecoin interest payments and ethics provisions restricting senior officials, including President Trump, from involvement in crypto businesses.
JPMorgan and Bernstein warn that CLARITY Act failure could be a "direct headwind" and lead to further crypto market declines. Coinbase, by contrast, still sees a "relatively high chance" of securing Democratic defectors.
The Bright Spot: Bitwise CIO Matt Hougan says crypto can sustain growth even without the CLARITY Act — expanding institutional adoption and expected SEC rulemaking have already positioned the industry to move forward.
Takeaway: The next 24 hours could define U.S. crypto regulation for years. Markets are watching every move! ⚖️
$CL
#Regulation #CLARITYAct #SEC #CFTC #CryptoPolicy