Galaxy Research’s Alex Thorn Lowers Odds of CLARITY Act Passing in 2026 to 50%

Galaxy Research analyst Alex Thorn said the likelihood of the CLARITY Act passing in 2026 has been reduced to 50%, down from 60% three weeks earlier. According to Foresight News, Thorn cited limited time before the Senate recess and the bill’s lack of a consolidated text, a voting schedule, and clear leadership commitments. The CLARITY Act previously passed the Senate Banking Committee on May 14 by a 15-9 vote. It is currently listed as No. 423 on the Senate legislative calendar, but has not been scheduled for floor debate. Galaxy Research said that if there is still no clear timetable by early July, the bill’s chances of passage could decline further and may be delayed until after September. The firm added that as midterm elections approach, it may become harder to schedule controversial legislation.