CLARITY Act Passage Odds Plummet as SEC and CFTC Press Ahead

The chances of the CLARITY Act passing in the US Congress have dropped to 14%, according to recent estimates. This development comes as the SEC and CFTC continue to push forward with their own set of regulations for the crypto industry.

The CLARITY Act aims to provide a clear framework for digital asset regulation, but its prospects appear increasingly uncertain. The bill has faced opposition from some lawmakers who argue that it does not go far enough in addressing concerns around market manipulation and investor protection.