Big banks and Democrats blocked the Clarity Act; next target in their sights

CryptoBriefing A recent report from @zerohedge claims that big banks, allied with Democrats, have successfully blocked the progression of the Digital Asset Market Clarity (CLARITY) Act, an initiative aimed at providing clearer crypto-market oversight in the United States. The report suggests that these groups are also opposing open banking rules, which are designed to enhance consumer choice and promote financial innovation. The failure of the Clarity Act in a Senate procedural vote has left U.S. crypto market regulations reliant on existing agency authority. This development appears to have influenced market perceptions about the likelihood of the Clarity Act being signed into law in 2026. Key Takeaways Market behavior suggests a decreased likelihood of the Clarity Act being signed into law in 2026, consistent with the reported opposition from big banks and Democrats. The Clarity Act’s failure in the Senate reflects ongoing challenges in advancing comprehensive crypto regulation in the U.S. Current market pricing reflects a 5% probability of the Clarity Act becoming law by the end of 2026, unchanged over the past week. What to Watch The future of the Clarity Act remains uncertain,...