Galaxy Digital cuts CLARITY Act passage odds to 10%
Galaxy Digital reduced its probability that the CLARITY Act will become law in 2026 to 10%, down from 75% after the Senate Banking Committee cleared the bill in May, tracking steady declines through June and July. The firm cited three unresolved disputes — ethics rules for officials, whether stablecoins can pay rewards, and developer protections under the BRCA — and a compressed Senate calendar that left the bill little runway. With the Senate recessed, Galaxy expects agency-level actions such as SEC rule text or an innovation exemption and more CFTC enforcement, leaving firms with longer regulatory ambiguity.
Probability of CLARITY Act passing in 2026 fell to 10%.
Context
The Senate banking committee cleared the bill in May, and Galaxy initially gave it high odds. The Senate left for recess with three disputes unresolved, and a cloture vote is scheduled for 15 September.
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