Galaxy Research has significantly reduced its expectations for the Clarity Act to become law in 2026, lowering the odds from 50% to 30%. The research firm cites the congested Senate calendar as the primary obstacle. The digital asset market structure bill passed the House in July 2025 and advanced in the Senate Banking Committee this year, but has yet to be scheduled for a final vote. Market sentiment aligns with this pessimistic outlook, with confidence in the bill’s passage this year also being revised downward. Observers are closely monitoring the legislative schedule and the potential role of key figures such as Senate Majority Leader Chuck Schumer and President Donald Trump.
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