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. The Polymarket contract for Bitcoin above $62,000 on April 18 sits at 99.8% YES.

Market reaction

The April 18 Bitcoin market holds at 99.8% YES, with the cost to shift the price by 5 points at $57,709. That figure signals heavy conviction that Bitcoin stays above $62,000. Other April Bitcoin contracts show similar positioning: the April 16 market is at 99.5% YES, and April 17 is at 99.6% YES.

Why it matters

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

Trading context

Actual USDC volume across Bitcoin markets is $70,493, with face value trading at $88,426. The market is liquid, but individual trades can still move prices in thinner contracts. The largest recent price move was a 2-point spike, so some volatility persists even at these elevated confidence levels.

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

What to watch

Track any statements from Larry Fink or Jerome Powell that could shift sentiment. Updates on the CLARITY Act’s committee progress or vote scheduling would also move these contracts.

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