Regulatory Race Against Time: Galaxy Cuts CLARITY Act Odds to 50%
Galaxy Digital has slashed its odds of the CLARITY Act passing in 2026 to a coin-flip 50%, warning that the US Senate is running out of legislative window before the August recess. Alex Thorn, Galaxy's head of research, points to a lack of unified text between the Banking and Agriculture committees as a primary roadblock.
The downgrade is driven by political timing rather than the bill's substance, as congressional competition for floor time intensifies. With lawmakers facing a narrowing window, the future of this critical crypto market structure bill remains precariously balanced amidst shifting legislative priorities in Washington.
Thorn clarified that the reduction in odds is strictly about timing, not the bill's substance. He noted that competition for floor time in Congress has intensified, making the legislative path for crypto-related frameworks increasingly uncertain in the current political climate.
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