The prospects for the CLARITY Act have fallen to 16% as several key Democrats oppose what Republicans have presented as their final offer, according to Cointelegraph. The legislation is also facing criticism from financial and tribal gaming groups. Banking organizations said the latest Republican text still contains loopholes that could allow rewards tied to stablecoins. Separately, tribal gaming interests warned that provisions covering prediction markets could undermine tribal sovereignty. The objections add to resistance surrounding the bill as lawmakers weigh the proposed language. The developments are relevant to crypto-market participants monitoring the regulatory outlook for digital assets and stablecoins, although the supplied information does not indicate how the negotiations will proceed or identify the specific lawmakers involved.
