Key Takeaways The CLARITY Act may add legal protection for bitcoin’s existing regulatory status, but it is unlikely to drive bitcoin price directly. U.S. bank capital rules for bitcoin could have a greater impact on demand than the Act if they become more favorable. The bill’s biggest long-term value for bitcoin could come after 2029 by making supportive regulatory policies harder for a future administration to reverse. On Tuesday, in the Senate, CLARITY Act cloture failed. On Polymarket, this pushed the odds of signing the bill into law this year to 5%, compared to 15% on the day of the …