Galaxy Digital has revised its forecast, assigning a 50% probability that the CLARITY Act will be enacted in 2026, according to the firm’s internal analysis. The legislation, introduced to create a framework for digital‑asset market structure, must pass the Senate with at least 60 votes; Republicans control 53 seats, meaning Democratic support would be required. Senator Tim Scott has urged a July vote, saying the bill would provide clearer rules and protect consumers, while Senate Majority Leader John Thune indicated the National Defense Authorization Act would take priority when the Senate reconvenes on July 13. Negotiators from the Senate Banking and Agriculture Committees continue to discuss ethics requirements, anti‑money‑laundering measures and the regulatory framework for digital assets, according to reports by Eleanor Terrett and other congressional staff. Procedural hurdles remain; even if an agreement is reached before the July 13 return, the Senate calendar could delay consideration until late July or early August, potentially missing the window before the August recess. Republican backing is not unanimous; Senators Josh Hawley and Rand Paul opposed an earlier GENIUS Act, underscoring the need for bipartisan agreement. Market participants have responded cautiously, with Galaxy Digital’s lowered odds reflecting heightened political and procedural uncertainty. Negotiations are expected to intensify over the next two weeks, and their outcome will determine whether the CLARITY Act reaches the Senate floor this summer. Whether a compromise emerges before the summer break will shape the regulatory landscape for digital assets in the United States.