Galaxy has reduced its estimated probability that the CLARITY Act will pass in 2026 to 50%, citing a narrowing window for Senate action before the August recess.
The revision matters because it signals greater uncertainty around the legislation’s prospects. With limited floor time remaining, the Senate has less room to advance the measure before lawmakers leave for recess.
Galaxy’s assessment does not mean the bill has failed. Instead, the 50% estimate reflects its view that passage and non-passage are now equally likely this year.
Attention will remain on the Senate calendar as the August recess approaches. Whether lawmakers allocate floor time to the CLARITY Act will be central to its chances of advancing in 2026.