Galaxy drops CLARITY Act odds to 60% as time is running out

Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editorWritten by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editorGalaxy drops CLARITY Act odds to 60% as time is running outLatest NewsPublishedJun 8, 2026Galaxy Digital says the Senate has a tight calendar ahead of the November elections, and the time needed to fix up and pass a key crypto bill is quickly fading.Crypto firm Galaxy Digital has lowered the odds of the Senate passing its crypto market structure bill before the end of the year, noting that the window for lawmakers to act on the bill is closing. “On May 22, we raised our estimate of the probability that the CLARITY Act becomes law in 2026 to 75%, up from the 55% we published the morning of May 14's Senate Banking markup, Galaxy’s head of research Alex Thorn said in a note on Friday. “We are now lowering that estimate to 60%.”Thorn said the bill must pass the Senate before a month-long August recess starting in late July, as “after that, the window effectively closes.” He added that major legislation has historically not moved in the lead-up to the midterm elections due to lawmakers campaigning.Many Senate lawmakers have been pushing for the chamber to pass the bill after the House passed its version, called the CLARITY Act, last year.The Senate Agriculture and Banking Committees have passed versions of the bill, and it now needs at least 60 votes on the Senate floor to pass without prolonged debate.“For a 60-vote bill that still needs floor debate, an amendment process, reconciliation with the Senate Agriculture text, and then House action on the changes, Majority Leader [John] Thune realistically needs to schedule floor time at some point in July,” Thorn said.“Anything later and the procedural steps do not fit before the recess,” he added.Source: Alex ThornThorn said another reason Galaxy lowered its odds is that no information shows that the bill, or negotiations around it, have advanced, and provisions around ethics and illicit…

Galaxy drops CLARITY Act odds to 60% as time is running out

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