Crypto lobby struggles as Clarity Act stalls in Senate before recess

The crypto lobby failed to secure a Senate vote on the Clarity Act before the August recess, increasing regulatory uncertainty and potentially hindering innovation and local banking stability by 2026. Following a cloture motion filed on August 8, the legislative battle is pushed into September. Consequently, Polymarket traders have lowered the odds of the Digital Asset Market Clarity Act becoming law this year to 21%, reflecting growing doubts about the bill's future success.