Simon Dedic: Clarity Act Senate Vote Imminent, Market Has Fully Priced In "Non-Passage"

Odaily reports that Simon Dedic, founder and managing partner of Moonrock Capital, stated that the U.S. Senate will vote on the Clarity Act in approximately 10 hours. As Democrats have already verbally rejected the Republican draft on grounds of "ethical concerns," the probability of the related Polymarket event has dropped significantly, and he believes the market has fully priced in the negative outcome of the bill failing to pass.

Dedic stated that even if the Clarity Act fails to pass, the SEC could still introduce similarly pro-crypto regulatory policies; if neither path materializes, the U.S. could face the risk of crypto and frontier financial companies relocating overseas. He believes the U.S. will not allow this to happen, and therefore the Clarity Act will ultimately pass, adding that the crypto industry "will win regardless."