Galaxy drops CLARITY Act odds to 60% as time is running out
Summary
Galaxy Digital cut its estimate that the Senate will pass the CLARITY Act this year, lowering the odds to 60% from 75%. Alex Thorn said the bill likely must reach the Senate floor in July, before the late-July/August recess, because the remaining steps — debate, amendments, reconciliation with the Agriculture Committee version, and House action — will not fit later in the calendar. He said the outlook worsened because negotiations appear stalled, especially on ethics and illicit-finance provisions. Similar skepticism has come from JPMorgan and Bitwise. Senator Cynthia Lummis is pressing for quick action and says lawmakers are still working through unresolved issues.
