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CLARITY Act Faces August 7 Deadline With Only 2 Democratic Senators Confirmed, Galaxy Digital Cuts Passage Odds to 50%

Regulation & Policy

2026-07-14 05:42:43

GLXY4.30%

According to Galaxy Digital, the CLARITY Act's passage odds fell to 50% as of late June 2026, down from 75% in May, with the Senate facing an August 7 recess deadline roughly 25 calendar days away. The Digital Asset Market Clarity Act requires 60 votes to clear cloture; Republicans hold 53 seats, meaning leaders need approximately 7 Democratic crossovers. So far, only Sens. Ruben Gallego of Arizona and Angela Alsobrooks of Maryland are confirmed supporters, leaving about 5 additional Democratic votes still needed. Complicating negotiations, a financial disclosure revealed crypto business entities tied to President Trump and his family generated $1.4 billion in income in 2025, triggering Democratic concerns about ethics language alongside the bill's regulatory framework. A new CLARITY draft is expected as soon as next week.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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