📉NEW: ODDS ON CLARITY ACT SIGNING INTO LAW IN 2026 DROPS 30% IN 24 HOURS ON POLYMARKET
Odds on the Clarity Act passing into law in 2026 have plunged dramatically, dropping 30% in just 24 hours on Polymarket amid deteriorating Senate negotiations.
The sharp drop reflects mounting concern that the stablecoin rewards dispute and bank lobbying pressure have derailed bipartisan momentum on crypto's flagship legislation.
Major banks are reportedly lobbying against provisions that would allow stablecoin yields, fearing they could lose $400B annually in deposit spread profits if consumers shift to 4% stablecoin yields.