Galaxy Digital has cut its forecast for the CLARITY Act's chances of becoming law to 60%. The firm pointed to the Senate's tight schedule before the November elections, saying there isn't enough time to amend and pass the bill.
A shrinking window
The Senate calendar is crowded, and the weeks before Election Day are limited. Galaxy Digital's assessment suggests that the legislative path is narrowing. Without enough room for revisions and debate, the bill faces an uphill climb.
What the 60% figure means
The odds are still above even, but just barely. A 60% probability leaves plenty of room for failure. The firm's estimate implies that passage is no longer a safe bet, even if it remains possible. The next few weeks will be critical.
Galaxy Digital did not disclose the previous probability or the specific timeline it considered. The bill's supporters now have a narrow window to push it through before the Senate's focus shifts to the election.
