The CLARITY Act, a bill aimed at bringing regulatory clarity to digital assets, is losing momentum ahead of the 2026 legislative session. Analysts including Galaxy Digital's Alex Thorn and Anthony Scaramucci predict the bill will not pass, citing three reasons they did not elaborate on. The odds of passage are dropping, even as Republican senators have made multiple concessions to win bipartisan support.
Why the Odds Are Dropping
Thorn and Scaramucci, both well-known figures in the crypto space, have publicly stated their belief that the CLARITY Act will fail in 2026. They pointed to three factors but did not specify what those were. Their assessment comes as the bill's chances have been sliding in recent weeks.
The analysts' predictions are notable given the bill's original bipartisan ambitions. Republican senators have already offered several compromises to attract Democratic votes, but those efforts have not yet turned the tide.
Concessions on the Table
Republican backers of the CLARITY Act have made multiple concessions in an attempt to broaden the bill's appeal. The exact nature of those compromises has not been fully detailed, but they represent a significant shift from earlier, more aggressive versions of the legislation. The goal was to win over enough Democrats to secure passage, but the strategy has not reversed the downward trend in support.
Without a clear path to 60 votes in the Senate, the bill's future looks uncertain. The concessions may have alienated some Republican hardliners without winning enough moderates.
What Comes Next
The CLARITY Act is not expected to come up for a vote until the 2026 session, giving its sponsors time to regroup. But with analysts already writing it off, the pressure is on to find a new approach. Whether the bill can be revived before the deadline remains an open question.
