Galaxy Research Slashes Clarity Act Passage Odds to 30%

Galaxy Research has significantly reduced its estimate of the Clarity Act's chances of becoming law in 2026, citing the U.S. Senate's cloture process as a major hurdle.

The analysts lowered their probability from 50% to 30%, stating that while the legislation has garnered some bipartisan support, it still falls short of the required 60-vote threshold to advance the bill.

The Clarity Act aims to address various issues related to blockchain and cryptocurrency regulation. Despite its potential benefits, the bill's passage remains uncertain due to the complexities involved in Senate proceedings.