Leading Crypto Lobbyist Believes the CLARITY Act Still Has a Path

TL;DR:

• The summer recess of the United States Senate is scheduled to begin on August 7.
• Alex Thorn, head of research at Galaxy Digital, placed the odds of the bill’s approval at 30% during the current period.
• Institutional representatives such as David Solomon, CEO of Goldman Sachs, publicly confirmed their support for the regulatory text.

The digital asset industry continues its efforts in Washington to push the CLARITY Act before the parliamentary recess scheduled for August 7. Kristin Smith, one of the crypto sector’s primary spokespersons, maintained that the legislation still holds real possibilities of approval despite reservations expressed by congressional leadership.

I’ve had many conversations since this came out yesterday, and it doesn’t reflect the current state of play.

There is a clear path to pass the Clarity Act before the recess on August 7 – and we must seize it.

To the crypto community: This is our moment. We can get this done. pic.twitter.com/kKlMJV8Xt7

- Kristin Smith (@KristinSmith) July 24, 2026

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