CLARITY Act Bitcoin Rally Failure
The CLARITY Act passing the Senate Banking Committee initially turned the crypto market bullish, but Bitcoin could not sustain its rally above $81,000.
Too little corroboration in the last 3 days to call a trend (7 articles). Watching for it to gain traction.
A mix of mainstream and niche sources — coverage is broadening.
"Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially because big bankers raised concerns over stablecoin yield among Democrat concerns around ethics language. Some Democrats are still unhappy with it in its current form."
"Odds of the CLARITY Act being signed into law have dropped to just 35% on Polymarket. Earlier this year, these odds were 75%. The selling coincided with several major events. For one, there are doubts on whether the Senate will pass the CLARITY Act."
"Bitcoin (CRYPTO: BTC) rallied to $66,000 on Tuesday on Clarity Act optimism, but Bitwise Capital partner Jeff Park warned the market is getting ahead of itself with no Democratic support in place. Until language clears the Democratic side, he argued, passage odds remain low regardless of how the price reacts."
"Lummis's remarks around the crucial July 4 date and the legislative effort going towards reaching a compromise on the contentious issues on the bill have not boosted the market confidence that CLARITY will pass in 2026. Data from Kalshi shows that there is only a 42% chance that CLARITY is going to pass in 2026."
"The proposal would prohibit Bitcoin held under the Act from being traded, loaned, leveraged, pledged as collateral, or used in speculative, derivative, or yield-generating activity."
"Bitcoin briefly hit $82,000 on the vote before falling back below $77,000 as Treasury yields reached 12 month highs according to Reuters."
"The crypto market news turned bullish when the CLARITY Act cleared committee, but BTC could not hold $81,000 and gave back the rally within days."