Former Senator Pat Toomey has called on the U.S. Senate to pass the Clarity Act this week, legislation aimed at structuring the digital asset market. The bill, already approved by the House and the Senate Banking Committee, seeks to clarify regulatory responsibilities between the SEC and the CFTC. Prediction markets estimate a 24.5% probability of the act being signed into law by the end of 2026, down from 26% the day before and 34% a week ago. Its passage would establish a comprehensive regulatory framework for cryptocurrencies in the United States.
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