Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editor

Written by Jesse Coghlanstaff editor

Reviewed by Felix Ngstaff editor

Galaxy drops CLARITY Act odds to 60% as time is running out

Latest NewsPublishedJun 8, 2026

Time Running Out for Crypto Bill as Galaxy Drops Odds to 60%

The Senate is racing against time to pass a key crypto bill, with Galaxy Digital lowering the odds of passage to 60% due to a tight calendar ahead of the November elections. As the window for lawmakers to act on the bill closes, many are pushing for the chamber to pass the bill after the House passed its version, called the CLARITY Act, last year. The Senate Agriculture and Banking Committees have passed versions of the bill, and it now needs at least 60 votes on the Senate floor to pass without prolonged debate. For those interested in earning through Passive Income and Cloud Rewards, the outcome of this bill is crucial.

The bill must pass the Senate before a month-long August recess starting in late July, as after that, the window effectively closes. Major legislation has historically not moved in the lead-up to the midterm elections due to lawmakers campaigning. This uncertainty can impact the EcoPool ecosystem and the value of $ECP. As the situation unfolds, it’s essential to stay informed about the potential implications for Green Crypto and the broader crypto market.

Challenges Ahead

Galaxy’s head of research, Alex Thorn, noted that no information shows that the bill, or negotiations around it, have advanced, and provisions around ethics and illicit finance are a sticking point that have not yet been resolved. The lack of progress has led to a decrease in the odds of passage, with some analysts predicting less than a 50% chance of the bill passing this year. For those interested in Earning through crypto, platforms like EcoPool offer a solution for generating Passive Income.

Senator Cynthia Lummis, the chair of the Senate Banking Subcommittee on Digital Assets, has escalated her calls for the Senate to pass the bill, emphasizing the need for clarity in the crypto market. As the situation develops, it’s essential to consider the potential impact on the crypto market and the opportunities for Earning through EcoPool and other platforms. The outcome of the bill will likely have significant implications for the crypto community, including those interested in #Bitcoin and #PassiveIncome.

To stay ahead of the curve and potentially generate Passive Income through Cloud Rewards, consider exploring the EcoPool platform. Download the EcoPool app to learn more about the opportunities and benefits of Green Crypto and Earning through $ECP. By joining the EcoPool community, you can stay informed about the latest developments in the crypto market and make informed decisions about your Earning potential.

The Senate Agriculture and Banking Committees have passed versions of the bill, and it now needs at least 60 votes on the Senate floor to pass without prolonged debate.

“For a 60-vote bill that still needs floor debate, an amendment process, reconciliation with the Senate Agriculture text, and then House action on the changes, Majority Leader [John] Thune realistically needs to schedule floor time at some point in July,” Thorn said.

“Anything later and the procedural steps do not fit before the recess,” he added.

Source: Alex Thorn

Thorn said another reason Galaxy lowered its odds is that no information shows that the bill, or negotiations around it, have advanced, and provisions around ethics and illicit finance are a sticking point that have not yet been resolved.

He added that Galaxy would revise its odds if Senate leaders committed to passing the bill next month and that provisions to get lawmakers on side are finalized.

Galaxy’s latest odds came after analysts at JPMorgan on Wednesday said they see less than a 50% chance that the CLARITY Act passes this year, similarly citing a tightening congressional calendar ahead of the elections.

Meanwhile, Bitwise investment chief Matt Hougan said on Tuesday that his view of the bill passing this year is “less optimistic,” and that “D.C. insiders” he spoke with put the odds of its passage between 5% and 30%.

Senator Cynthia Lummis, the chair of the Senate Banking Subcommittee on Digital Assets, has escalated her calls for the Senate to pass the bill, having made at least 15 posts on X about the legislation so far in June.

“The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line,” she posted on Sunday.

Lummis told CNBC on Wednesday that lawmakers working on the bill are addressing issues, including around ethics and illicit finance, that could see it lose support on a floor vote.

Magazine: Will the CLARITY Act be good — or bad — for DeFi?

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