Galaxy lowers CLARITY Act odds to 10%
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Galaxy Digital has reduced its estimate for the likelihood of the Digital Asset Market Clarity (CLARITY) Act passing in 2026 to 10%. The firm cited unresolved political issues including ethics rules, stablecoin yield concerns, and the limited Senate timeframe for deliberation when lawmakers return in September as key challenges. Alex Thorn, Galaxy’s head of firmwide research, highlighted that the Senate would need to prioritize the CLARITY Act heavily for it to pass in the allotted session.
Why it matters
The CLARITY Act is intended to create the first comprehensive regulatory framework for digital assets in the United States. Its potential passage is significant because it would establish clearer rules for crypto firms, especially regarding stablecoins and yield offerings, which currently face industry and political scrutiny. The act’s delay or failure could affect regulatory certainty in the crypto market.
Key context
The CLARITY Act passed the Senate Banking Committee in May but met opposition from Democrats and the banking sector, who argue the bill might allow crypto firms to offer stablecoin yields without the same safeguards required of banks. Support for the act has come from over 200 crypto companies and organizations, as expressed in a joint letter shared by the lobbying group Stand With Crypto earlier this year. Galaxy Digital had previously estimated the bill’s passage chances at 75% in May, lowering it successively to 60%, then 50%, and now 10%.
Key numbers and entities
Galaxy Digital; Alex Thorn, head of firmwide research at Galaxy; over 200 crypto companies and organizations supporting the bill; Stand With Crypto (crypto lobby group); the CLARITY Act; Senate return date of September 14, 2025; estimate reductions: from 75% (May 22) to 60% (June 6), 50% (June 26), and now 10%.
What remains unclear
The source does not flag specific open questions beyond noting ongoing unresolved political issues and the narrow Senate window. It remains uncertain whether the Senate will prioritize an initial motion to proceed or how the outlined ethical and regulatory concerns might be resolved.