Galaxy's Alex Thorn said Senate calendar constraints and a lack of progress in negotiations make passage less likely than several weeks ago.

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.

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.

Senate timing constraints have weakened the CLARITY Act’s outlook as lawmakers face a crowded agenda before the August recess. Galaxy Digital’s research

Galaxy's Alex Thorn said Senate calendar constraints and a lack of progress in negotiations make passage less likely than several weeks ago.

Galaxy Digital cut its odds for the CLARITY Act’s passage to 50% due to mounting congressional priorities ahead of the Senate’s traditional August recess period of five weeks.

Galaxy cuts Clarity Act passage odds to 50% as the bill stalls on the Senate calendar with no floor vote scheduled before the August recess.

Galaxy Research lowered CLARITY Act passage odds to 50% from 75% in late May, citing no merged Senate bill text, no floor vote, and shrinking calendar time.

The digital asset firm cut its odds of the market structure bill passing this year to a coin toss, pointing to a shrinking Senate calendar.