This market predicts which quarter of 2026 the U.S. Senate will pass crypto market structure legislation - a key regulatory bill intended to clarify how digital asset markets operate and assign regulatory authority in the United States. This could be a standalone crypto market structure bill or a renamed version of the CLARITY Act once it passes the Senate. Yes wins for a quarter if the U.S. Senate formally approves and passes a crypto market structure bill during that quarter. Passage means the Senate votes on the final bill text and it is recorded as approved by the Senate’s roll-call vote. If multiple versions advance (e.g., CLARITY Act vs another crypto framework), the first passage counts. If no bill is passed by Dec 31, 2026, the “No Senate passage in 2026” option wins.
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