Key facts
- Odds for the CLARITY Act's passage on Polymarket have risen to 53%.
- The US Senate is expected to release the final legislative text of the CLARITY Act this weekend.
- Senator Bill Hagerty indicated a Senate floor vote is likely after the July recess.
- Senator Tim Scott supports the CLARITY Act, stating it will establish clear rules and strengthen consumer protection.
- The National Organization of Black Law Enforcement Executives (NOBLE) has endorsed the CLARITY Act.
Momentum is building around the CLARITY Act in the US Senate, with reports indicating the final legislative text could be unveiled this weekend. While earlier expectations of a July 4 signing have faded, lawmakers are targeting action after Congress resumes following its July recess, with a Senate floor vote more likely in the weeks after legislators return on July 13. The bill requires bipartisan support, with at least seven Democratic senators needed to reach the 60-vote threshold for passage. Democratic Senators Angela Alsobrooks and Ruben Gallego supported the legislation in committee, though they clarified this does not commit them to a final vote. Senator Tim Scott has voiced support, arguing the act will provide clear rules for digital assets and enhance consumer protection. Bloomberg Intelligence estimates passage odds have risen to around 60% this month. The National Organization of Black Law Enforcement Executives (NOBLE) has endorsed the bill, marking a significant development. Despite procedural hurdles, investor sentiment has improved with the expected release of the final bill text.