Wu learned that Galaxy Research head of research Alex Thorn posted that due to the tightening schedule of the U.S. Senate and insufficient progress in negotiations, he has lowered the probability of the CLARITY Act becoming law in 2026 from 60% to 50%. Thorn stated that the reduction is mainly related to the schedule, not a deterioration in the substantive content of the bill. The CLARITY Act passed the Senate Banking Committee on May 14 and has been on the Senate legislative calendar since June 1, but the full Senate review date has not yet been set, nor has the merged text of the Banking Committee and the Agriculture Committee been released. Thorn indicated that ethical issues and developer protection language still need to be resolved, while matters such as the SAVE Act, the housing bill deadlock, the reauthorization of FISA Section 702, and the FY2027 NDAA are competing for time on the Senate agenda; if the full Senate review arrangement is not announced before early July, the path for the bill may be delayed until September.