Possibility CLARITY Act It will be voted on in the U.S. Senate before the August recess wanes.
Kalshi There is currently a 40% chance of a vote on the bill occurring before August 8th. On July 20, the probability was over 80%.
Polimarket It is even more pessimistic, with a 37% chance as of today.
Meanwhile Senator John ThuneThe Senate Majority Leader expressed the opinion that the legislation could be postponed for recess.
Republican Senator Dave McCormick He warned that the risks were serious if the bill did not become law.
“If the United States fails to pass the CLARITY Act, we leave jobs, investment, economic competitiveness and financial leadership to our overseas competitors.”
Republican Senator Bill Hagerty added:
“America needs clear rules of the road for digital assets that protect consumers, support innovation, and sustain jobs and investment in America. Let’s get to the finish line.”
Republican Senator Tim ScottThe CLARITY Act protects ordinary Americans, creates jobs and strengthens national security by making it harder for competitors to exploit the financial system, the Chairman of the Senate Banking Committee declared.
Meanwhile, many Democratic senators voiced their opposition to the bill.
Coinbase Chief Policy Officer Faryar Shirzad He warned that the perfect cannot be the enemy of the good; This reflects the frustration of industry participants who have worked diligently to create legislation that is both good for the emerging industry and satisfies conservation and illegal activity concerns.
