🗳 The Senate votes today at 2:15 p.m. ET on whether the CLARITY Act moves forward, and the odds doubled over the weekend. Here's what changed: 1️⃣A new version of the bill was released with tougher ethics rules, and Trump accepted most of what Democrats had asked for. Ethics had been one of the central obstacles holding the bill up all summer. 2️⃣ Prediction markets repriced sharply. Kalshi's odds of passage moved from 18% to 44%, while Polymarket's odds of the bill being signed into law this year went from 14% to 30%. Galaxy's head of research raised his own estimate from 10% to 25%. 3️⃣ The CLARITY Act would finally define which US regulator oversees what in crypto, splitting it between the SEC and the CFTC. Right now that question gets settled case by case in court. Today's vote only opens debate, so passage would still take several more steps before the end of the year. Bitcoin touched $79,000 overnight and fell back to $77,000. The Fed decides tomorrow. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X
Open in Telegram
🗳 The Senate votes today at 2:15 p.m. ET on whether the CLARITY Act moves forward, and…
Views5,263−8%vs avg
Forwards3
Reactions34
Comments1
Links and mentions
Reactions
- 🔥21
- ❤13
More from CEX.IO's Official Community Channel
- 01Views8.86KForwards1Reactions33Comments2
- 02Views8.72KForwards2Reactions51Comments7
- 03Views8.61KForwards3Reactions37Comments2
- 04Views8.34KForwards0Reactions28Comments4
- 05Views8.2KForwards0Reactions37Comments1