White House pushes Congress to pass CLARITY Act for crypto regulation

The White House is urging Congress to pass the CLARITY Act, a bipartisan cryptocurrency bill. Polymarket contract for Bitcoin above $62,000 on April 18 stands at 99.8% YES.

Market reaction

The April 18 Bitcoin market is held at 99.8% YES, with the cost of shifting the price 5 points to $57,709. This figure demonstrates a strong belief that Bitcoin remains above $62,000. Other April Bitcoin contracts show similar positioning: the April 16 market is 99.5% YES, and April 17 is 99.6% YES.

Why it matters

The CLARITY Act, if progressed, would create a more defined regulatory framework for cryptocurrencies. This type of legislative movement could maintain Bitcoin’s current price levels by reducing uncertainty around how digital assets are classified and regulated. The White House’s active lobbying for the bill as Congress returns from recess adds real political weight to this effort.

Business context

The actual volume of USDC in Bitcoin markets is $70,493, with a par value of $88,426. The market is liquid, but individual transactions can still move prices within thinner contracts. The largest price movement recently was a 2 point rise, so some volatility persists even at these high confidence levels.

HAS 99.8¢a YES share earns $1 if Bitcoin stays above $62,000 by April 18.

What to watch

Follow any statements from Larry Fink or Jerome Powell that might change sentiment. Updates on the CLARITY Act committee’s progress or voting schedule would also move these contracts.

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