Galaxy Research Lowers CLARITY Act Passage Odds Amid Senate Gridlock

BTCC / BTCC Square / Global Cryptocurrency /

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2026-06-29 06:52:02

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Galaxy Research has reduced its 2026 forecast for the CLARITY Act's passage from 60% to 50%, citing legislative bottlenecks and unresolved ethics provisions. The crypto market structure bill cleared the Senate Banking Committee on May 14 with bipartisan support (15-9 vote), but faces mounting headwinds as Senate priorities shift.

The bill's progress stalls at #423 on the legislative calendar with no floor debate scheduled. With the August recess looming, analysts note fewer than five viable legislative weeks remain. Recent delays include a week lost to debates over an anti-weaponization fund.

Democratic demands for stricter ethics provisions remain the key sticking point. Market participants now watch for July developments - if no timetable emerges, consideration could slip to September or beyond.

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