The Ethics Fight Holding Crypto's Big Bill Hostage | PMN EP04

Kelvin Sparks hosts Sarah Wynn and Adrian Wall for a deep-dive on the CLARITY Act after its Senate vote slipped to September. They break down the ethics DOJ-vs-state AG fight, BRCA developer protections, the Coldcard exploit, SEC/CFTC fallback rulemaking, and prediction-market jurisdiction battles involving states, tribal gaming, and the NFL. The group views CLARITY passage before midterms as unlikely unless an ethics deal drops immediately, leaving crypto regulation to agency rulemaking. The episode also recaps live prediction-market odds across macro, geopolitical, weather, esports, and Robinhood's growing prediction-market revenue. - CLARITY Act procedural vote delayed until September after August recess. - Poly Market odds for CLARITY passage slide to about 26%. - Ethics fight centers on DOJ vs state AG enforcement for crypto conflicts. - SEC and CFTC have a plan B of agency rulemaking if Congress fails. - Coldcard exploit raises consumer-protection concerns but likely won't derail the bill. - Prediction market jurisdiction disputes involve states, tribal gaming, and the NFL. - Robinhood is cited as earning more than expected from prediction markets. - Stablecoin yield compromise may be temporary as banks revisit in 18 months.