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Galaxy Research Cuts 2026 CLARITY Act Passage Odds to 50% Galaxy Research Head of Research Alex Thorn said the firm has lowered its odds of…

Galaxy Research Cuts 2026 CLARITY Act Passage Odds to 50% Galaxy Research Head of Research Alex Thorn said the firm has lowered its odds of the CLARITY Act becoming law in 2026 from 60% to 50%, citing a tightening Senate calendar and limited progress in negotiations. Thorn said the downgrade is mainly about timing, not the substance of the bill. The CLARITY Act passed the Senate Banking Committee on May 14 and has been on the Senate Legislative Calendar since June 1, but no floor date has been set and no unified Banking-Agriculture text has been released. He said ethics issues and developer-protection language remain unresolved, while the SAVE Act, the housing bill standoff, FISA Section 702 reauthorization and the FY2027 NDAA are competing for Senate floor time. Without a floor schedule by early July, the bill’s path could slip to September.
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