Moonrock Capital founder Simon Dedic said the Senate was expected to vote on the Clarity Act in about 10 hours, as prediction-market odds and broader market pricing pointed to a possible defeat. He said Democrats had verbally rejected the Republican-drafted bill over what they described as ethical concerns. Dedic argued that failure would either be followed by equally forceful crypto-supportive regulatory policy from the SEC or leave Democrats responsible for the United States losing financial leadership and driving innovative companies offshore. Galaxy CEO Mike Novogratz previously warned that a failed vote could leave the U.S. without crypto legislation for a long time, or potentially ever.