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CLARITY Act Faces Another Critical Weekend as Passage Odds Slide


CLARITY Act Faces Another Critical Weekend as Passage Odds Slide

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Ongoing negotiations in Washington, including new ethics proposals and political disagreements, have sharply reduced the odds that the highly anticipated crypto regulatory bill becomes law this year. Prediction markets now put the chance at about 31%–35%, down from roughly 70% earlier in the year, raising regulatory risk for crypto adoption, exchanges and markets and complicating industry planning.

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The uncertainty around the highly anticipated regulatory bill continues with new negotiations in Washington. New ethics proposals and political disagreements threaten the legislation’s chances of becoming law this year.

Prediction markets now assign a much lower probability of becoming law this year, around 31%-35%, down from the 70% peaks earlier this year.

Read the article at CryptoPotato

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