Polymarket traders have reduced the odds of the Clarity Act passing to a record low as the U.S. Senate continues to delay its decision. The bill, which aims to establish a federal framework for digital asset markets, faces significant hurdles due to the absence of a bipartisan ethics provision. Senator Ruben Gallego (D-Ariz.) has stated he will not support the legislation without such a provision, a sentiment echoed by other Democrats concerned about conflicts of interest involving public officials and digital assets. The Clarity Act seeks to delineate the regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Proponents argue that it would replace regulatory enforcement with clear legislative rules. Despite industry support, including from Nova Labs executive Sarah Aberg, who highlighted the impact of regulatory uncertainty on investment, the bill remains stalled without a resolution on the ethics issue.