CLARITY Act Faces Delays Amid Senate Bottleneck
- Alex Thorn of Galaxy Digital reduced the probability of the CLARITY Act passing by 2026 from 75% to 60%.
- The Senate’s schedule is congested, with FISA-related business taking precedence next week.
- Unresolved issues include lawmaker ethics rules and illicit finance provisions tied to the bill.
- The CLARITY Act aims to clarify regulatory boundaries between the SEC and CFTC on digital assets.
- Senator Cynthia Lummis had set an informal target date of July for legislative progress.
The probability of passing the CLARITY Act has decreased due to a crowded Senate schedule and unresolved issues, despite consistent support for the bill itself. The act seeks to define regulatory roles between agencies overseeing digital assets, which could significantly impact how exchanges operate.
With a revised passage probability of just 60%, stakeholders face a potentially extended wait for regulatory clarity in the crypto space, highlighting ongoing challenges in legislative prioritization (Source)
