Galaxy Digital Head of Research Alex Thorn stated that even if the US CLARITY Act ultimately fails to pass, the crypto industry will still obtain "most of what it wants" over the next approximately 2.5 years through administrative guidance and rulemaking by regulatory bodies such as the SEC and CFTC. He believes that pushing for the passage of the CLARITY Act would still benefit innovation, investor protection, and solidify US dominance in the crypto space, but even if the bill fails, the medium-term downside risk has already been limited.