CLARITY Act Passage Odds Drop to 30% as Ethics Debate Grows
TLDR
- Senators released a new 600-page CLARITY Act draft with updated ethics language.
- Galaxy Research cut 2026 passage odds to 30%, down from 50%.
- Democrats said the draft needs stronger ethics, consumer protection, and illicit finance rules.
- Crypto trade groups urged Senate leaders to begin floor consideration before August recess.
- The bill still needs 60 Senate votes to advance, leaving bipartisan support crucial.
The Senate’s new CLARITY Act text has triggered fresh debate as lawmakers race to secure 60 votes before the August recess.
Senate Releases Updated CLARITY Act Text
Senators released a more than 600-page version of the Digital Asset Market CLARITY Act this week. The latest draft combines work from Senate Banking and Agriculture committees while adding revised ethics language.
The proposal seeks to create a federal market structure for digital assets. Republican lawmakers said the bill would give consumers, businesses, and markets clearer rules for crypto trading and digital commodities.
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