Jefferies warns of crypto volatility as CLARITY Act Senate odds fall. Passage by 2026 now at 48% YES.

Grayscale said bitcoin could face more pressure if the CLARITY Act stalls, as Senate delays and tighter rate expectations weigh on crypto sentiment.

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 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.

The bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act.

The passage of the crypto market structure bill, or Clarity Act, before the November midterm election is "far from assured," said TD Cowen.

Republican senators are doubling down on efforts to pass a cryptocurrency market structure bill before the chamber breaks for state work periods, but they will need some…

The bank said the bill faces major hurdles, with passage boosting institutional crypto adoption and delays prolonging regulatory uncertainty.

Jefferies warns of crypto volatility as CLARITY Act Senate odds fall. Passage by 2026 now at 48% YES.

SEC commissioner expects the CLARITY Act to pass soon, shifting oversight to CFTC. Fed rate hike in 2026 at 54.5% YES.