Polymarket Odds for Clarity Act Passage by 2026 Fall to 54%
Senate negotiations on U.S. crypto legislation remain unsettled as Senator Thom Tillis’ office prepares new text on stablecoin yield and rewards after industry objections to earlier provisions.
Polymarket had priced the probability of the Clarity Act being signed into law by 2026 at 54%, down 11% over 24 hours on $430,600 in volume. Concerns around the legislation intensified after Coinbase opposed the latest Senate stablecoin yield terms and earlier reports said it had withdrawn support for the latest draft. New reporting says Senator Thom Tillis’ office plans to release legislative text next week covering stablecoin yield and rewards mechanisms, following pushback from Coinbase and other crypto firms over provisions circulated earlier in the week. Coinbase’s David Duong said the industry is preparing a coordinated counterproposal, underscoring continued disagreement over whether stablecoin holders should receive rewards under the bill as lawmakers work toward a broader compromise on U.S. crypto market structure legislation.
- Polymarket: A blockchain-based prediction market where users trade contracts tied to the likelihood of future events.
- Clarity Act: A proposed U.S. digital asset regulation bill that remains under negotiation in Congress.
- Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.