Will the US get CLARITY this week? Bitcoin’s new $80K target: Hodler’s Digest, July 19
The fate of the CLARITY Act hinges on Trump’s ethics, so the odds aren’t looking great. Prediction market volumes hit new highs, and more news.
Polymarket suggests the odds of the CLARITY Act passing this year are just 40%, after a raft of Democratic Senators, including Chris Murphy, Jeff Merkley and Chris Van Hollen, spoke out against the bill.
A crucial Senate vote could happen as early as this week, with Senate Majority Leader John Thune stating it will definitely be held before Aug. 10.
Democrat Senator Elizabeth Warren is trying to spoil the vote by highlighting how much money President Trump has extracted from the industry. She demanded Trump voluntarily release his crypto earnings for this year, after his 2025 disclosure, showed he earned more than a billion dollars from crypto last year. The controversy means that Senate Democrats are unlikely to support the bill without a provision banning elected officials promoting or issuing cryptocurrency.
Summer Mersinger, the CEO of the Blockchain Association and a former commissioner at the US Commodity Futures Trading Commission, said: “Ethics is the big elephant in the room.”
Source: Polymarket