Thursday’s 《CLARITY Act》 review is coming up, and seven Democratic lawmakers may be key to passing the bill

Recently, Galaxy Digital, a cryptocurrency investment firm, published an X post stating that seven Democratic lawmakers on the Senate Banking Committee may be crucial in pushing the Digital Asset Market Clarity Act (CLARITY Act) through review this Thursday.

Galaxy Digital classified the positions of several lawmakers. Among them, Senators Ruben Gallego and Angela Alsobrooks were labeled “Constructive/Supportive Framework,” indicating they hold a relatively open and positive attitude toward crypto legislation.

Meanwhile, Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock were listed as “Conditional Supporters.” They previously supported the crypto framework and voted in favor of the GENIUS Act, but they want stronger safeguards to be added regarding risk prevention measures such as anti-money laundering.

Senator Lisa Blunt Rochester was labeled as “Uncertain/Undecided.” Although she supports the crypto framework, she previously voted against the GENIUS Act. This seemingly contradictory voting record could make her a key swing vote that influences the bill’s ultimate fate.

Galaxy Digital also expects that four senators who voted against the GENIUS Act—Jack Reed, Elizabeth Warren, Tina Smith, and Chris Van Hollen—will likely cast “no” votes against the CLARITY Act again.

There are 24 members on the Senate Banking Committee (13 Republicans and 11 Democrats). The bill needs support from at least half of the members to pass the committee. After that, the bill will be submitted for a full vote in the Senate.

According to Kara Calvert, Vice President of U.S. Policy at Coinbase, the bill needs at least 60 votes in the Senate, and it must receive bipartisan support in order to pass.

As early as July 2025, the CLARITY Act was already proposed, with the original plan to steadily advance the legislative process. However, in January this year, that plan suffered a major setback;

because these provisions lacked legal protections for open-source software developers, banned stablecoin yield, and addressed DeFi regulation, Coinbase withdrew its support for the bill at the time.

If it can pass the committee and move on to a full Senate vote, it will be a key step toward ending years of regulatory uncertainty in the U.S. crypto industry, and could also attract more crypto projects to launch in the United States.

#CLARITY Act