Galaxy Lowers Chances of CLARITY Act Passing to 10% Amid Senate Challenges

Galaxy has reduced the likelihood of the CLARITY Act passing to just 10%, citing several unresolved issues. According to CoinTelegraph, concerns remain over ethics, stablecoin yield regulations, and protections for developers.

The company also pointed to a narrow window for Senate action when lawmakers return in September, further complicating the bill’s prospects. The CLARITY Act aims to provide clearer regulatory frameworks for the crypto industry but faces significant legislative hurdles.

For Japanese investors and markets, this development signals continued uncertainty in the U.S. regulatory environment, which could influence global crypto asset flows and regulatory approaches.