Seven Democratic Senators Oppose CLARITY Act on July 23, Bill Passage Odds Fall to 37%

On July 23, seven Democratic U.S. senators released a joint statement opposing the CLARITY Act, a comprehensive U.S. cryptocurrency regulation bill proposed by Republicans. The senators—including Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Ruben Gallego, John Hickenlooper, Mark Warner, and Raphael Warnock—stated the bill is "inadequate" in its current form.

The opposition came one day after Republicans unveiled a compromise agreement addressing key provisions including ethics requirements. According to prediction market Polymarket, users now estimate the bill's chance of passage within 2026 at 37%, down 10 percentage points from 24 hours prior. Despite their opposition, the senators said they would continue cooperating with Republicans to strengthen ethics, consumer protection, and market integrity provisions before final passage.