Galaxy Research Cuts CLARITY Act 2026 Approval Odds to 60%

Alex Thorn, Head of Research at Galaxy Digital, has lowered his estimate for the chances of the CLARITY Act passing in 2026 from 75% to 60%, highlighting growing concerns over the Senate's crowded schedule and unresolved policy issues. The revision lands somewhere between a market correction and a routine analyst note.

Senate Calendar Becomes a Major Roadblock Thorn said the biggest challenge facing the crypto market structure bill is no longer political support but time. According to him, next week's Senate agenda is expected to be dominated by FISA-related matters after a failed reauthorization vote. The Senate has already lost valuable time dealing with other legislative priorities, leaving less room for crypto legislation. He also pointed out that key issues surrounding lawmaker ethics rules and illicit finance provisions