CLARITY Act: Who actually wins? The bill creates clean jurisdictional lanes between the SEC and CFTC, and that unlocks entire sectors that have been frozen by regulatory ambiguity for years. Polymarket gives it a 76% chance of passing in 2026. The biggest winner is real-world asset tokenisation. For the first time, there's a legal framework for tokenised treasuries, private credit, and on-chain securities - exactly what BlackRock, Apollo, and pension funds have been waiting for before deploying serious capital. Right behind it sits institutional infrastructure: oracles, cross-chain interoperability, and compliance layers become non-optional once banks actually move on-chain.