Galaxy Research cut its odds of the Senate passing the CLARITY Act to 50-50, citing dwindling time before Congress's August recess and mounting legislative uncertainty.

The CLARITY Act has 31 Senate session days before August recess. Schwab says passage is still possible, but the 60-vote filibuster threshold looms large.

GOP lawmakers feel renewed urgency to pass the US CLARITY Act before the Senate's August recess, but still need 7 Democratic votes to hit 60.