Republican

Donald Trump

President Donald Trump

US President Donald Trump is set to meet with several senators at the White House on Thursday to discuss progress on the crypto market structure bill.&nbsp;According to Politico, Senator Bernie Moreno said a group of senators will brief the president on the bill and “its path to success.” Senator Cynthia Lummis will also attend, according to a Senate Republican aide.“We’ll be talking about the entirety of the bill. I mean, obviously the president’s been very engaged in this bill,” said Moreno. “He’s the one who’s really driven the innovation that I think will pay dividends.”&nbsp;The meeting comes as lawmakers race to pass the <a href="https://cointelegraph.com/news/clarity-act-gains-second-law-enforcement-endorsement-before-senate-push" rel="noopener noreferrer nofollow">crypto market structure bill</a>, known as the CLARITY Act, before the Senate’s August recess. Many lawmakers see it as the last realistic opportunity to pass the legislation before the midterm elections.&nbsp;“I’m hoping that we can come up with some agreement by the end of this week,” Senator Thom Tillis, who has been helping work through the CLARITY Act’s <a href="https://cointelegraph.com/news/aba-banking-associations-clarity-act-yield" rel="noopener noreferrer nofollow">unresolved provisions</a>, told Politico.&nbsp;<blockquote> “I think it’s critical if we’re going to try and get this across the floor before August recess.”
</blockquote>Lawmakers are awaiting a revised draft of the bill.&nbsp;In an interview with Fox Business on Wednesday, Lummis <a href="https://www.foxbusiness.com/video/6401199902112" rel="noopener noreferrer nofollow">said</a> a new draft version of the bill will be introduced in the next few days and expects it to be on the Senate floor next week.&nbsp;Cointelegraph reached out to Senator Lummis for comment.<h2 id="prediction-market-odds-on-clarity-act-success">Prediction market odds on CLARITY Act success&nbsp;</h2>Traders on prediction market Kalshi had put a 79% <a href="https://kalshi.com/markets/kxclarityvote/will-the-senate-vote-on-the-clarity-act/kxclarityvote-26jul" rel="noopener noreferrer nofollow">chance</a> on the CLARITY Act being <a href="https://" rel="noopener noreferrer nofollow">voted</a> on by the Senate before the August recess, up from 68.8% on Thursday from the previous day.&nbsp;Related: <a href="https://cointelegraph.com/news/us-senators-oppose-clarity-act-vote-senate" rel="noopener noreferrer nofollow">Three US senators oppose CLARITY Act on ethics grounds with vote expected soon</a>However, traders remained less optimistic that the CLARITY Act will become law this year.&nbsp;A $3 million prediction market on Kalshi gives the crypto bill a 36% chance of becoming law in 2026, and a 62% chance of doing so before the end of 2027.Polymarket traders, meanwhile, have put the <a href="https://polymarket.com/event/clarity-act-signed-into-law-in-2026" rel="noopener noreferrer nofollow">chance</a> of the CLARITY Act being signed into law this year at 39%.Magazine: <a href="https://cointelegraph.com/features/has-robinhoods-layer-2-given-eth-a-new-bull-case" rel="noopener noreferrer nofollow">Is Robinhood Chain’s success bullish or bearish for ETH the asset?</a>

Trump to meet with senators over CLARITY Act on Thursday: Politico

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