Galaxy Research and Grayscale analysts downgrade odds of CLARITY Act passing this year; Senate vote scheduled for September 15.
Regulation & Gov ·
Galaxy Research and Grayscale have lowered their assessments of the CLARITY Act's likelihood of passage this year, with a Senate vote scheduled for September 15 following lawmakers' return from summer recess. The downgrade in odds reflects growing skepticism about the bill's path to approval, despite expectations among market participants that its passage could generate substantial gains in cryptocurrency valuations by enabling professional investors to participate more freely and access expanded services.