Clarity Act Passage Odds Drop as GOP Rejects Democrat Counter-Proposal

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The prospects of the Clarity Act, a crypto market structure bill, have taken a sharp hit after Republicans rejected a counter-proposal put forward by Democrats. Prediction markets responded quickly, significantly lowering the odds of the bill passing in the near term. Negotiations between the two parties remained deadlocked with a key Senate vote approaching. The stalemate has cast serious doubt on whether the legislation can advance through Congress on its current timeline.

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