CLARITY Act passage odds drop to 31% as Senate remains deadlocked despite Trump campaign backing; bipartisan support stalls over concerns about crypto insider trading.
Regulation & Gov ·
The CLARITY Act, which aims to define regulatory authority between the SEC and CFTC over cryptocurrency assets, has stalled in the Senate despite support from Donald Trump's 2024 presidential campaign. According to prediction-market data, passage odds have declined to approximately 31% from over 70%, reflecting reduced confidence after the bill cleared the Senate Banking Committee.
The legislative impasse centers on bipartisan tensions over governance. Democrats have demanded restrictions preventing senior officials from profiting from crypto holdings, a condition that has complicated efforts to build the cross-party consensus required for final passage. The bill's fate remains uncertain as the legislative calendar tightens and competing political priorities shift focus.
What remains unresolved is whether the Senate will reconcile the competing positions on insider-trading safeguards or whether the measure will stall indefinitely. The precise mechanics of any compromise, should one emerge, are not yet publicly defined.