Tom Emmer, Majority Whip in the U.S. House of Representatives, is urging the Senate to pass the CLARITY Act, which would provide a clear legal framework for the digital asset industry. The bill was passed by the House over a year ago with support from nearly 100 Democrats but remains stalled in the Senate. Senator Elizabeth Warren and regional banks oppose it, citing weakened investor protections, gaps in securities regulation, and risks involving illicit finance. Polymarket odds have dropped to 21%, signaling unfavorable prospects for passage. Former U.S. Defense Secretary Mark Esper has nevertheless urged Congress to pass the bill on national security grounds.
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