Despite Republican Optimism, CLARITY Act's Passage Prospects Continue to Decline

Prediction markets reflect a 34% chance of the CLARITY Act's enactment by 2026. While Republicans are pushing for votes, Senate passage requires 60 votes and faces insufficient support. The bill, HR 3633, passed the Senate Banking Committee in May with 15-9 votes but lacks broader Democratic backing. Key hurdles include bipartisan support challenges and political disagreements over regulatory framework and potential conflicts of interest, particularly regarding former President Trump's crypto earnings.