Galaxy Digital Downgrades CLARITY Act Odds Amid Ongoing Senate Negotiations

Galaxy Digital has reduced its odds of the CLARITY Act becoming law in 2026 to 50%, despite Senate Republicans continuing to push for a vote when lawmakers return from recess. Senator Tim Scott has backed a July Senate vote while lawmakers work to resolve key policy differences.

Negotiators are still discussing ethics rules, anti-money laundering measures, and digital asset market oversight before the Senate returns on July 13. Congressional staff, White House officials, and crypto industry representatives have continued negotiating behind closed doors.

The negotiations center around several unresolved issues, including ethics requirements, anti-money laundering provisions, and the framework for regulating digital asset markets. Reaching agreement on these points is necessary before the legislation can move toward a Senate floor vote.

Even if negotiators finalize the bill before lawmakers return, the Senate calendar could delay its progress. Senate Majority Leader John Thune has indicated that the National Defense Authorization Act will take priority once the Senate resumes work in mid-July. As a result, consideration of the CLARITY Act could slip to the latter half of July or even the opening week of August.