Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi（新）
JMKE IPO
Rewards
Square
Latest
Hot
News
Profile

Galaxy Research head: Probability of the CLARITY Act passing within the year drops to 30%

MarsBitNews
robot
Abstract generation in progress
Mars Finance reported that on July 24, Galaxy Digital research head Alex Thorn said in a post that the probability of completing legislation for the 《CLARITY Act》 within 2026 has been lowered from the previous 50% to 30%. Thorn noted that while the bill’s consolidated text was officially released this Wednesday, totaling 616 pages and 104 provisions, the current vote shortfall is significant. On the Republican side, Senators Hawley and Paul are expected to vote against; since McConnell was hospitalized in June, he has not voted again. The number of reliable votes is about 50, still below the 60-vote threshold needed to clear the hurdle after a lengthy debate. On the Democratic side, a joint statement by seven senators who had previously participated in the negotiations said the current text is “insufficient,” especially opposing the bill’s ethics provisions—particularly the mechanism enforced solely by the Department of Justice and the 2029 sunset clause; meanwhile, Elizabeth Warren directly said the bill “should be rejected.” On the legislative timeline, Thorn believes the actual deadline to advance is July 30 (Wednesday), not the Senate’s official published adjournment date of August 7, because the procedural process itself requires several days. He said that if the bill cannot pass the Senate before adjournment, its outlook for becoming law within 2026 would be significantly reduced.
GLXY-6.74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap