The CLARITY Act received significant support after the National Sheriffs’ Association shifted from opposition to neutrality on this cryptocurrency market structure bill, removing a major hurdle with Democratic senators whose votes are needed to advance the legislation. However, Republican House leaders canceled voting sessions for the weeks of September 21 and 28, cutting eight legislative days from the calendar. The House is now scheduled to leave Washington on September 17, just two days after the Senate’s first procedural vote. Galaxy Research has reduced its probability estimate for the CLARITY Act becoming law in 2026 from 50% to 30%, while prediction markets are even more pessimistic with passage odds currently below 20%.
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