Senate Democrats have announced plans to block cloture on the Clarity Act, a key piece of legislation aimed at clarifying U.S. digital asset regulations. The probability of the Clarity Act being signed into law in 2026 has decreased, as reflected in the latest market data. Key TakeawaysMarket pricing suggests a decreased likelihood of the Clarity Act passing in 2026. Recent developments appear consistent with scenarios where the Clarity Act faces further delays. What to WatchObservers should monitor any progress in negotiations between Senate Democrats and Republicans, particularly regarding the ethics provisions that have stalled the Clarity Act.