Senate Has Four Days to Pass CLARITY Act as Passage Odds Plummet

The US Senate has four working days to pass the CLARITY Act, according to Galaxy Digital, which cut its passage odds from 50% to 30%. The crypto investment firm's head of research, Alex Thorn, said lawmakers need a deal by July 30 for enough time to consider floor proceedings before the August recess.

The updated draft combines measures approved by the Senate Banking and Agriculture committees with government ethics restrictions, law-enforcement provisions, and changes to the GENIUS Act. However, Democratic votes remain uncertain despite concessions aimed at resolving disputes that stalled negotiations for months.

The legislation would need 60 votes to overcome a filibuster, but Republicans control only 53 seats. Galaxy estimates that supporters may begin with roughly 50 dependable Republican votes.