CLARITY Act on Track to Pass with High Probability

The cryptocurrency market is awaiting the outcome of the CLARITY Act, a bipartisan bill that aims to regulate cryptocurrencies, including Bitcoin.

According to Galaxy Digital's Alex Thorn, the bill has a 70% chance of passing before the August recess.

However, there are challenges ahead, including ethics provisions restricting elected officials' crypto dealings and opposition from banks concerned about stablecoin yields.