Clock Ticking: Galaxy Digital Slashes CLARITY Act Passage Odds to 30% as Senate Deadline Looms
The countdown for US crypto regulation has reached a critical juncture. Galaxy Digital has issued a stark warning, slashing the estimated odds of the CLARITY Act passing this year to just 30%, highlighting a significant legislative hurdle for the industry.
Lawmakers face a tight deadline to strike a deal by July 30 to ensure sufficient time for the legislative process. Failure to reach an agreement within this four-day window could derail the momentum for the CLARITY Act, leaving the future of crypto regulatory frameworks in a state of flux.
Galaxy Digital has warned that the US Senate has only four working days to save the CLARITY Act. In a client note released on July 24, the crypto investment firm lowered its estimate for the bill's chances of passing this year from 50% to 30%. The firm emphasized that lawmakers must reach a deal by July 30 to allow enough time for the necessary legislative procedures.
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