{"id":49460,"date":"2026-08-11T07:01:59","date_gmt":"2026-08-11T07:01:59","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49460"},"modified":"2026-08-11T07:01:59","modified_gmt":"2026-08-11T07:01:59","slug":"senate-punts-movement-on-clarity-act-until-september-as-crypto-bills-polymarket-odds-wane","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49460","title":{"rendered":"Senate Punts Movement on Clarity Act Until September As Crypto Bill\u2019s Polymarket Odds Wane"},"content":{"rendered":"

\"\"<\/p>\n

The US Senate won\u2019t make any further progress on crypto market-structure legislation until it returns from its recess in mid-September.<\/p>\n

On Friday, Senate Majority Leader John Thune (R-South Dakota) filed\u00a0<\/a>for cloture<\/a> on the Clarity Act, a procedural step that paves<\/span> the way for potential progress on the bill next month. The Senate broke for the August recess the following day.<\/p>\n

The\u00a0landmark crypto bill<\/a>\u00a0would largely place the digital assets under the regulatory purview of the Commodity Futures Trading Commission (CFTC), an agency industry stakeholders believe is friendlier to the sector than the Securities and Exchange Commission (SEC).<\/p>\n

The potential legislation has faced opposition from traditional financial giants and banking associations, who have\u00a0argued<\/a>\u00a0the bill could put financial stability at risk and cause bank deposits to lose ground to stablecoins.<\/p>\n

Coinbase chief executive Brian Armstrong says<\/a> the lack of progress on Clarity this month was \u201cdisappointing.\u201d<\/p>\n

\u201cCongress still has an important job to do. A clear federal market structure law will unlock more investment, more innovation, and more jobs in the United States while giving consumers the protections they deserve. Voters are watching closely to see who helps finish this, and who is a blocker. We\u2019re closer than we\u2019ve ever been. Let\u2019s finish the job in September.\u201d<\/em><\/p>\n

As the banking sector\u2019s opposition to the bill solidified, Polymarket bettors\u2019\u00a0confidence<\/a> in the Clarity Act\u2019s chances of passing this year dwindled, with its odds falling from a high of 82% in February to 25% at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post Senate Punts Movement on Clarity Act Until September As Crypto Bill\u2019s Polymarket Odds Wane<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The US Senate won\u2019t make any further progress on crypto market-structure legislation until it returns from its recess in mid-September. On Friday, Senate Majority Leader John Thune (R-South Dakota) filed\u00a0for cloture on the Clarity Act, a procedural step that paves the way for potential progress on the bill next month. The Senate broke for the […]<\/p>\n","protected":false},"author":1,"featured_media":49461,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-49460","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nSenate Punts Movement on Clarity Act Until September As Crypto Bill\u2019s Polymarket Odds Wane - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49460\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate Punts Movement on Clarity Act Until September As Crypto Bill\u2019s Polymarket Odds Wane - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The US Senate won\u2019t make any further progress on crypto market-structure legislation until it returns from its recess in mid-September. 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