Galaxy Digital has cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out of time before the August recess. This bill aims to establish the first regulatory framework for digital assets in the United States. The banking industry opposes it, arguing that the current draft would allow crypto firms to offer yields on stablecoins without facing the same requirements as traditional financial institutions. Meanwhile, the White House is weighing a bipartisan ethics counterproposal received on Thursday, following weeks of negotiations between Republican Senator Thom Tillis and Arizona Democrat Ruben Gallego.
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