Polymarket Odds for Clarity Act Plummet to Record Low Amid Prolonged Senate Stalemate

The absence of an ethics provision remains the primary obstacle to the legislation’s advancement. Senator Ruben Gallego (D-Ariz.), one of two Democrats who voted to move the bill out of the Senate Banking Committee, has consistently stated he will oppose the measure on the floor without a bipartisan ethics component. Additional Democratic lawmakers have echoed concerns regarding potential conflicts of interest involving public officials and digital assets.

As of Friday, the White House had released no public summary of Thursday’s meeting, and no bipartisan ethics language had materialized, leaving the bill’s most significant hurdle unresolved.

If enacted, the Clarity Act would create a federal framework for digital asset markets by delineating jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Proponents contend the measure would end years of regulation by enforcement, replacing it with statutory rules crafted by Congress.

Industry leaders reinforced that argument during a House hearing Friday commemorating the one-year anniversary of the chamber’s passage of the legislation.

“The community has already done the hard work,” Nova Labs executive Sarah Aberg testified, noting that regulatory uncertainty stalled investment in the Helium wireless network following an SEC lawsuit that was subsequently settled. “Clarity is not a call for deregulation; it is a call for the right regulation from the right regulator.”

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