CLARITY Act Passage Probability Drops 65 Points to 10% This Year

Galaxy Digital slashes CLARITY Act odds from 75% to 10%, citing ethical hurdles and GOP defections. Senate cloture vote needs 60 votes; Republicans hold 53 seats.

Woofun AI reports that Galaxy Digital has revised the likelihood of the CLARITY Act passing this year downward from 75% in May to 10%. The legislation seeks to divide regulatory oversight of crypto assets between two U.S. federal agencies. U.S. senators are scheduled to return to Washington on September 14, initiating a three-week working period. A motion to end debate on the bill is set for voting at 2:15 p.m. on September 15, requiring support from at least 60 senators. With Republicans holding 53 seats, the bill requires at least seven additional supporters from other parties to proceed. Galaxy Digital identifies unresolved ethical concerns, waning Republican backing due to banking lobbying, and the limited September legislative window as primary barriers to enactment.