CLARITY Act Approval Odds Drop To 48%: What Is Going On?

Polymarket odds of passing the CLARITY Act have dropped to 48% from 74% a month ago as senators are scheduling emergency meetings in the coming days.

Two Deals Fell Apart Right Before The Senate’s Closed-Door Session

A meeting last Tuesday marked the first closed-door ethics session since a bipartisan group reached a tentative framework in May.

Republicans withdrew support for a state attorney general enforcement mechanism and offered a narrower alternative limiting enforcement to the US Attorney General, an option Democrats rejected since the Attorney General serves at the president’s pleasure.

Republicans then floated impeachment as a remedy for presidential ethics violations, which Democrats also declined.