UPDATE: Capitol Hill rumor mill is saying the likelihood of CLARITY act passing is near zero. It's currently 18% on Polymarket & but its really likely more like a 3-5% chance. From what I understand, everyone in DC somewhat assumes that CLARITY is not going to pass, but they can't publicly say this because the industry has invested tens of millions of dollars and 18 months of resources on trying to get it through. It’s just not going to happen from what I hear. There's still no answer to this ethics question for Trump’s dealings in crypto, from the Democrats. Based on that, the odds of passing on prediction markets are probably pretty high and seems like 'No' is potentially interesting. CLARITY will instead be more or less ‘drafted as separate bills’ focusing on specific sectors of the crypto market. These could be innovation exemptions, acts, or bills that are focused on stablecoins, tokenization, perpetual futures, and prediction markets coming shortly after CLARITY failed. They prefer take a nuanced approach rather than a massive, wide-reaching crypto bill at this current point. That is what is much, much more likely to happen from what I understand from folks in DC. TLDR; CLARITY likely out but no one will admit it, innovation exemptions are in, and they are far under discussed for their significance to open the doors for all of finance to come oncain.