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.

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.