Clarity Act’s odds of passing plunge as Republicans reject Democrats’ counter-proposal
Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.
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Summary
- The Clarity Act’s chances of advancing plunged Tuesday after Republicans rejected a counterproposal from Senate Democrats ahead of a key procedural vote.
- Senator Cynthia Lummis said Democrats had effectively resubmitted their opening position despite substantial concessions from Republicans.
- Polymarket bettors put the chance of the Clarity Act becoming law this year at just 14%, down from around 30% a day earlier, while Kalshi traders pushed out the timeline for a potential crypto market structure bill.
