Crypto may continue growing if the CLARITY Act fails, but reversible agency rules could leave altcoins and exchanges exposed to a future administration.
The odds that the US Senate will pass the CLARITY Act before its August recess are dwindling. So too are the crypto industry’s hopes for a comprehensive federal regulatory framework.
After clearing the Senate Banking Committee by a 15–9 vote in May, the bill’s progress stalled. Prediction market odds of the bill becoming law this year now hover around 29%, down sharply from a peak of 82%.
The Senate is unlikely to hold a floor vote before its summer recess. Negotiations over ethics rules for government officials remain tense, while supporters are struggling to secure the 60 votes…
