The crypto market shows a mixed outlook today, August 9, with Bitcoin (BTC) and Ethereum (ETH) registering slight drops while Solana (SOL) trades in the green. The mixed outlook comes amid fresh speculation about whether the CLARITY Act bill might pass in 2026 after Senator John Thune filed cloture on the bill.

What is Driving the Crypto Market Today

The progress made by the CLARITY Act is one of the factors driving the crypto market today. US Senators will now hold a cloture vote for the bill on September 15 after they resume session after the summer recess.

Data from Polymarket shows that there is now a 21% chance that the crypto bill will pass in 2026, with this being an increase from the odds of 13% on August 5.