Galaxy Digital reduces estimated probability of U.S. Clarity Act passage to 30%, citing need for stronger ethics and consumer protections in negotiations.
Regulation & Gov ·
Galaxy Digital has lowered its estimated probability of U.S. Clarity Act passage to 30%, according to reporting on the firm's recent assessment. The adjustment reflects concerns raised by seven Democratic negotiators participating in bill discussions, who indicated that the latest draft requires stronger ethics and consumer protections.
The Clarity Act has faced ongoing legislative negotiations, with recent iterations drawing criticism over investor safeguards and regulatory oversight mechanisms. The Democratic group's feedback suggests that without material revisions addressing these concerns, the bill's path to passage faces substantial headwinds.
The reduced odds underscore broader uncertainty around whether bipartisan consensus can be reached on cryptocurrency regulation in the current legislative environment. Key questions remain about whether the negotiating parties can bridge gaps on ethics frameworks and consumer protections, and whether any revised version could secure sufficient support for advancement.