Polymarket Odds Drop to 34% as CLARITY Act Faces Senate Hurdle

Republicans remain optimistic. Rep. Bryan Steil said the bill is "absolutely essential that the United States sets the gold standard for regulation in the digital asset space." Sen. Cynthia Lummis wrote on X: "We wrote the Clarity Act to give law enforcement more tools, not fewer." She added that the bill allows investigators to freeze illicit funds within hours.

Senate Republicans plan to release a new draft after meeting with President Trump at the White House, according to a GOP aide. The bill is filibuster-proof, meaning it needs 60 votes in the Senate. Without a single Democratic yes, the bill cannot pass.

Senate Majority Leader John Thune is angling for a floor vote this month, even with disagreement over the text. If the Senate passes a version, the House would need to agree on the same text before it reaches the president's desk. The clock is tight, and the political divide is wide.

Former House Financial Services Committee Chair Patrick McHenry wrote that the CLARITY Act is comparable to the Telecommunications Act of 1996, urging Congress to act before it is too late. The broader crypto market analysis shows that regulatory clarity remains a top demand from institutional investors. Until the 60-vote threshold is met, the odds will stay low.