CLARITY Act Odds Crash to 31% After Trump Push Fails to Break Senate Deadlock
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Donald Trump’s 2024 campaign has prioritized crypto, promising favorable regulation and courting donations and votes as the CLARITY Act, a long-awaited crypto market-structure bill, passed the Senate Banking Committee and reached a decisive stage following a major meeting with Trump. However, prediction-market odds fell after the meeting, signaling increased uncertainty about final passage and short-term regulatory clarity for crypto and raising near-term risk for token markets, DeFi, CEX adoption and fundraising.
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Donald Trump’s 2024 presidential campaign had a strong focus on the cryptocurrency industry. While trying to lure donations and votes, he promised favorable regulatory frameworks that could help it flourish.
The CLARITY Act was supposed to be the pièce de résistance. The long-awaited crypto market-structure bill has reached a decisive stage after passing the Senate Banking Committee, and Trump just held a major meeting. But then the odds dropped on most prediction markets. What does that mean, and where to next?
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