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Galaxy Digital Cuts CLARITY Act Odds to 50% as Tim Scott Pushes Vote
Senate Republicans aim for a July vote on the crypto market structure bill, but Galaxy Digital sees only a 50% chance in 2026 as negotiations continue on key provisions.
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The CLARITY Act's path to law in 2026 just got narrower. Galaxy Digital lowered its approval odds to 50%, even as Senate Republicans keep pressing for a vote when lawmakers return from recess.
Behind closed doors, congressional staff, White House officials, and crypto industry representatives are still negotiating, journalist Eleanor Terrett reported. The Senate is in recess until July 13. The talks aim to resolve differences between the versions of the crypto market structure bill produced by the Banking and Agriculture Committees.
The sticking points include ethics requirements, anti-money laundering rules, and how to regulate digital asset markets. Negotiators need to settle those before the bill can move to a Senate floor vote.
Even if they finalize a deal before lawmakers return, the calendar is tight. Majority Leader John Thune has said the National Defense Authorization Act will take priority when the Senate resumes in mid-July, Terrett reported. That could push CLARITY Act consideration to late July or the first week of August.