CLARITY Act odds dropped from 30% to 14%, is the market already pricing in failure?

Saw the odds for the CLARITY Act getting passed this year drop from around 30% to 14%, which is a pretty big shift.

Seems like the 60-vote hurdle in the Senate is starting to look a lot harder than people thought.

I was checking btc on mexc when this started getting more attention, and the market reaction was pretty quick.

Not sure how much this actually matters long term though. Crypto has dumped on political headlines before and then basically forgotten about them a few days later.

If the bill really gets stuck, do you think this turns into a bigger market issue, or is everyone just trading the headline right now?