Clarity Bill Passage Probability Drops to 16% as Democrats Counter Republican Final Proposal

The probability of the Clarity Act passing before year-end has dropped to 16%, according to a report. CoinTelegraph noted that Democratic key members are countering the Republican 'final' proposal, citing gaps in stablecoin compensation within the Republican final draft. Banking industry groups have also highlighted loopholes related to stablecoin compensation in the Republican final bill, while gaming industry stakeholders warned that insufficient provisions on prediction markets could threaten local autonomy.