Clarity Acts odds of passing plunge as Republicans reject Democrats counterproposal

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News Source : CoinDesk

News Summary

  • The Clarity Act’s chances of clearing a key Senate hurdle faded Tuesday as Republicans rejected a counteroffer from Democrats.
  • Cynthia Lummis (R-Wyo.) said the Democratic proposal offered little movement from positions lawmakers held before the August recess.
  • The Senate is scheduled to vote Tuesday afternoon on whether to invoke cloture on the motion to proceed, which requires 60 votes.
  • The reversal comes after prediction markets surged on Monday on hopes that Republican concessions could finally break the months-long stalemate.
The pullback is also showing up on Kalshi, where traders are increasingly pushing any breakthrough further into the future. The contract for a crypto market structure bill becoming law before Oct.

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