BlockBeats News, July 5th - According to Polymarket data, the probability of the CLARITY Act being signed into law in 2026 has increased to 52%, up 12 percentage points from July 3rd.

On the news front, the Major County Sheriffs of America (MCSA) stated that after initially expressing concerns about how the act would impact illicit financial investigations, the association is no longer opposed to the CLARITY Act. Analysts believe that the MCSA's change in stance has reduced a key obstacle in the advancement of the CLARITY Act, increasing the feasibility of its entry into the Senate's voting process. However, opposition from the banking sector regarding stablecoin yield products and DeFi regulation remains a major area of uncertainty.