Survey Insights on the CLARITY Act
A recent survey conducted on the decentralized betting platform Polymarket indicates that 35% of bettors expect the Digital Asset Market Clarity Act, often referred to as the CLARITY Act, to be enacted by the end of 2025. This poll stands out as it reveals a significant decline from July, when 87% of participants expressed confidence that the legislation would be signed into law by 2026. The drop in optimism is stark, demonstrating a nearly 50% decrease in just six weeks. Moreover, only 30% of bettors were hopeful in late June for the Act’s passage within the current year.
Senator Lummis’s Remarks
The poll’s findings emerge amid remarks from Senator Cynthia Lummis (R-WY), who recently spoke at the SALT Wyoming Blockchain Symposium on August 20. Senator Lummis underscored her ambitions for the crucial legislation to progress through the Senate Banking Committee soon, with an eye toward the Senate Agriculture Committee by October. According to her, the digital asset legislation is intended to reach the desk of U.S. President Donald Trump by year’s end, with an aim to secure approval before the Thanksgiving holiday.
“We will have market structure to the president’s desk before the end of the year,”
she affirmed, stressing the urgency of the legislation.
Legislative Background
In July, Senator Lummis, accompanied by a group of Republican senators, introduced the initial draft discussing digital asset market structure guidelines shortly following the House of Representatives’ approval of the CLARITY Act. In her statements, Lummis emphasized the dire need for coherent regulations to prevent American innovation in the digital asset space from being stifled or moved overseas. She articulated that comprehensive market structure legislation would delineate between digital asset securities and commodities, thereby modernizing the regulatory framework and positioning the U.S. as a frontrunner in digital asset innovation.
