Two anonymous participants have wagered over $1.5 million against the passage of the CLARITY Act, a major U.S. crypto market-structure bill, ahead of an upcoming Senate vote. The bill, formally known as H.R. 3633, has already passed the House and advanced through the Senate Banking Committee, but faces a critical procedural vote. These substantial wagers reflect market participants’ skepticism about the bill’s prospects, with the required 60-vote threshold appearing as a significant hurdle. This development comes amid heightened uncertainty in the legislative calendar, with recent reports indicating potential delays in the Senate’s consideration of the bill.
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