CLARITY Act chances of passage this year falls to 60%, Galaxy Digital says
The CLARITY Act, the crypto industry’s top federal bill, has lost momentum after clearing the Senate Banking Committee, with Galaxy Digital cutting its odds of becoming law in 2026 to 60% from 75%. The main problem is time: the Senate calendar is shrinking before the August recess, and the bill still needs floor debate, 60 Senate votes, resolution of differences between Banking and Agriculture committee versions, House approval, and a presidential signature. Key disputes remain over ethics rules and illicit finance safeguards, and Senate floor time is being consumed by other fights, including surveillance reauthorization. A major unresolved issue is stablecoins, especially whether issuers can offer yield-like rewards on balances; banks oppose this, while crypto firms want flexibility. JPMorgan also warned that the legislative window is narrowing as elections approach.
