Galaxy cited unresolved ethics, stablecoin yield and developer protection issues, along with a narrow Senate window when lawmakers return in September.
Galaxy Digital has lowered its estimate of the Digital Asset Market Clarity (CLARITY) Act’s chances of passing in 2026 to 10%.
It warned that multiple political issues remain unresolved and the Senate will have only about two to three weeks to pass it when it reconvenes on Sept. 14.
Unless an initial motion to proceed vote occurs immediately upon lawmakers’ return to Washington, there would be enough time for the CLARITY Act to pass the Senate only if it “dominates basically the entire working session,” wrote Galaxy’s head of firmwide research, Alex Thorn, in a Friday X post.
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