The Clarity Act is back on the table. On Sunday night, Senate Republicans released a revised version of the bill that includes more than 120 changes, including provisions aimed at addressing long-standing ethics concerns. If enacted, the legislation would establish a framework for bringing more crypto assets into the realm of mainstream finance.
The text arrived less than 48 hours before the Senate’s pivotal procedural vote on whether to advance the bill. Republicans need 60 votes, requiring support from at least seven Democrats. With limited time before the midterm elections, lawmakers have a narrowing window to bring it to a vote.
Prediction market odds rose sharply after the news. On Polymarket, traders put the chance of the Clarity Act being signed into law this year at 30%, up from 14% earlier this month. On Kalshi, the probability that the bill would become law before Oct. 1 briefly climbed to about 64%, its highest level since August, before retreating to 53%.
Clarity, short for the Digital Asset Market Clarity Act, passed the House last year but has struggled to win full congressional approval. The latest obstacles have centered on ethics restrictions for public officials, particularly those related to President Donald Trump’s crypto business dealings and potential conflicts of interest.
