CLARITY Act odds just tanked to 18% after Dems shut down the GOP's last-ditch crypto proposal.

Expected this. The bill's been dead in the water for weeks, but now it's official—no regulatory framework this cycle.

What this means:
• No clear rules = exchanges still playing defense
• DeFi stays in the gray zone
• Institutional money remains cautious on US-based plays

The irony? While DC plays politics, offshore exchanges and non-US protocols keep eating US market share.

If you're long US crypto equities ($COIN, $MARA, etc.), this is noise in the short term but a headwind for legitimacy plays.

Meanwhile, decentralized protocols don't need permission. Adapt accordingly.