Galaxy Research Downgrades Probability of U.S. Clarity Act Passage by Year-End to 30%

Analysts at Galaxy Digital Research have revised the likelihood of the U.S. Clarity Act passing by the end of the year to 30%, citing legislative hurdles. The bill, which establishes a framework for classifying cryptocurrencies as securities or commodities and regulating exchanges, faces uncertainty over Senate voting dynamics. Key provisions include ethics regulations and amendments to the Stablecoin Regulation Act. Republican leaders hold 53 Senate seats, but potential no-shows from key members could limit support, while industry experts remain cautiously optimistic about the legislation's prospects.