More than 200 crypto companies and lobbying groups sent a letter Monday urging Senate Majority Leader John Thune (R-S.D.) and Minority Leader Chuck Schumer (D-N.Y.) to schedule a floor vote on the Digital Asset Market Clarity Act “without delay,” according to a letter shared first with Bloomberg Government.
Signatories include Coinbase, Ripple Labs, Andreessen Horowitz, Stand With Crypto, the Blockchain Association, and the Crypto Council for Innovation. The letter lands during a week when Senate leadership is negotiating which legislation gets floor time before the August recess.
Galaxy Digital’s head of firmwide research Alex Thorn cut his 2026 passage probability from 75% to 60% on Friday, in a research note distributed to Galaxy clients. Two compounding factors drove the cut.
“I just sent this note to clients lowering my odds of 2026 CLARITY Act passage from 75% immediately post-markup to 60% today,” Thorn wrote on X. “I said in May that the Senate calendar was one of the biggest hurdles, and that picture has worsened.”
The first factor is floor-time loss. A procedural vote to reauthorize Section 702 of the Foreign Intelligence Surveillance Act failed 47-52 on June 5, meaning the following week will be dominated by FISA legislation. The Senate also lost a week in late May to an anti-weaponization fund debate. Usable floor time before the August recess has contracted sharply.
