CLARITY Act Vote Odds Drop to 40% Before August Recess

The odds of a Senate vote on the CLARITY Act before the August recess have fallen.

Kalshi now prices a 40% chance of a vote before August 8, down from more than 80% on July 20. Polymarket shows a 37% probability.

Majority Leader John Thune said the bill could slip past the recess.

Senate Banking Committee Chairman Tim Scott said the CLARITY Act protects everyday Americans and strengthens national security by making it harder for adversaries to exploit the financial system.

Multiple Democratic senators have voiced opposition.

Coinbase Chief Policy Officer Faryar Shirzad warned that perfect cannot be the enemy of the good, reflecting industry frustration with the legislative process.

Republican Senator Dave McCormick warned of the stakes if the bill does not become law.