Galaxy cuts CLARITY Act odds to 50% as Senate floor time narrows
Cointelegraph 2026-06-29 08:16:47
Context: Galaxy, a financial firm, has reduced its odds for the passage of the CLARITY Act in 2026 to 50%, citing the limited time available on the Senate floor before the August recess. The CLARITY Act is a bill that has been under consideration, but its prospects for passage are now looking increasingly uncertain. The firm's analysts believe that time is running out for the bill to be debated and voted on by the Senate.
Key Facts
- Galaxy cut its 2026 CLARITY Act odds to 50%, warning that Senate floor time is running out before the August recess.
- The CLARITY Act is a bill that has been under consideration, but its passage is now looking increasingly uncertain due to time constraints.
- The Senate is set to recess in August, which is limiting the amount of floor time available for debate and votes on pending legislation.
- The reduced odds of passage for the CLARITY Act reflect the challenges it faces in being debated and voted on by the Senate before the end of 2026.
- The August recess marks a critical deadline for the Senate to act on pending legislation, including the CLARITY Act, before the end of the year.