Galaxy Research Trims Odds of CLARITY Act Passing by 2026 Amid Senate Delays

Galaxy Research has revised its forecast for the passage of the CLARITY Act, a key US crypto market-structure bill. According to Alex Thorn, head of research at Galaxy Research, the chances of the bill passing by 2026 have decreased to 60% from 75%. Thorn attributes this change in estimate to the Senate's packed legislative calendar and its prioritization of FISA-related matters.

The Senate's decision to devote a significant portion of next week's schedule to FISA-related issues raises concerns that debate on crypto legislation will be pushed back further. Additionally, disputes over ethics rules and anti-money laundering provisions remain unresolved, contributing to the delay.