Galaxy lowers CLARITY Act odds to 10%
Galaxy cited unresolved ethics, stablecoin yield and developer protection issues, along with a narrow Senate window when lawmakers return in September.
Galaxy Digital has reduced its forecast for the Digital Asset Market Clarity (CLARITY) Act's likelihood of passing in 2026 to 10%, citing ongoing unresolved ethical concerns, stablecoin yield issues, and the need for developer protection. The firm's chief researcher, Alex Thorn, noted that the Senate will only have a two to three week window to vote on the Act when it reconvenes on September 14.
According to Thorn, the Act would need to "dominate basically the entire working session" to pass if an initial motion to proceed is not taken immediately upon lawmakers' return. The Act, which aims to create the first regulatory framework for digital assets in the US, has faced opposition from both Democrats and banks due to its stablecoin yield provisions. Over 200 crypto companies had previously urged the Senate to pass the Act.
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