Prediction markets, including Kalshi and Polymarket, are pricing a 69% chance of the Crypto CLARITY Act passing in the U.S. This legislation aims to clarify regulatory oversight by dividing responsibilities between the SEC and the CFTC, addressing the longstanding question of when a token is a security versus a commodity. The Act proposes that certain digital assets could qualify as digital commodities, providing clearer regulatory pathways for crypto exchanges and brokers. The CLARITY Act, if passed, would be the second major U.S. crypto legislation after the stablecoin bill, marking a significant step towards comprehensive digital asset regulation. The bill had been stalled due to disputes over stablecoin yield provisions but has gained momentum, reflected in Bitcoin's current price near $80,000. However, a 69% probability indicates there remains a significant chance the bill may not pass, with unresolved issues potentially resurfacing.