Key highlights:
- Lobbyists have flooded U.S. senators with a barrage of calls to pass the CLARITY Act into law.
- Pro-crypto senators are urging their colleagues to hasten the bill’s passage.
- Galaxy Digital cut the odds of the CLARITY Act passing before 2027 to 50%.
Crypto lobbyists have completed over 325,000 calls and emails to US congressmen, urging them to pass the CLARITY Act at the earliest opportunity. Despite the mounting pressure, the odds of the bill becoming law have dipped, with pundits pointing to the absence of a floor date as the main hurdle.
Proponents ramp up pressure for CLARITY Act
Advocates of the CLARITY Act have intensified their efforts to force the US Senate to pass the bill into law. According to
Galaxy Digital clarified that the reduced odds have little to do with the substance of the bill, pointing fingers at a busy Senate calendar. Thorne also noted that the “runway is quickly declining” for the bill that requires a merged Banking-Agriculture text, floor debate, a potential amendment process, and House Action.
Source:: Galaxy Cuts CLARITY Act Passage Odds to 50% as Senate Clock Ticks