Key Takeaways
- The probability of the Clarity Act being signed into law this year fell below 50% after rising above 80% last week, per a Polymarket event contract.
- Crypto leaders have recently said that a compromise between banks and the crypto industry would be reached before an informal deadline set by the White House.
Bitcoin is in legislative No Man’s Land.
The passage of the Clarity Act, which creates a framework for how to treat crypto tokens and firms up jurisdictional lines of regulatory authority, is being held up by some crypto experts as a catalyst that could drive the coin market out of a rut. Excitement over that possibility, however, seems to be fading.
A Polymarket event contract asking “Clarity Act signed into law…
