Galaxy Digital has cut its odds of the CLARITY Act passing in 2026 to 10%, down from 50% in June. The research firm points to unresolved ethics and stablecoin yield disputes, plus a Senate window of only two to three weeks once lawmakers return in September.
Galaxy Digital has lowered its estimate of the Digital Asset Market Clarity (CLARITY) Act's chances of passing in 2026 to 10%. The firm had put the odds at 50% as recently as June.
A narrow Senate window
Galaxy warned that the Senate will have only about two to three weeks to pass the bill once it reconvenes on Sept. 14. Unless an initial motion-to-proceed vote happens immediately upon lawmakers' return, there would be enough time to pass the CLARITY Act only if it "dominates basically the entire working session," according to Galaxy's head of firmwide research, Alex Thorn, writing in a Friday X post.
Political issues still unresolved
Thorn added that lawmakers would still have to work through several issues, including ethics rules for government officials' involvement in crypto and pressure from banks over stablecoin yield provisions. Galaxy set its first estimate at 75% on May 22. It cut that to 60% on June 6. It then lowered the estimate to 50% on June 26, before this week's cut to 10%.
Industry pressure continues
The CLARITY Act aims to establish the first regulatory framework for digital assets in the US, but it has faced criticism. It cleared the Senate Banking Committee in May, though most Democrats and the banking industry pushed back, arguing it would let crypto firms offer stablecoin yields without facing the same requirements as banks. Even so, over 200 crypto companies and organizations urged the Senate to pass the bill in a letter shared by crypto lobby group Stand With Crypto at the start of June.
Source: Cointelegraph.com News
Trading involves risk.
Risk Disclaimer
