A July 4 target date for advancing crypto market-structure legislation through 
the Senate is now looking less certain, according to Galaxy Digital&#8217;s head of 
research. Senate Calendar Creates A Bottleneck Alex Thorn revised his 
probability estimate for the CLARITY Act passing in 2026 from 75% down to 60%, 
citing a Senate schedule that has grown increasingly crowded with competing 
priorities. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market 
Watches For Confirmation Next week&#8217;s agenda is expected to be taken up largely 
by FISA-related business following a failed reauthorization vote, leaving 
little room for crypto legislation to advance. Thorn said the obstacle is no 
longer political will — support for the bill has not collapsed. The problem is 
time. i just sent this note to clients lowering my odds of 2026 clarity act 
passage from 75% immediately post-markup to 60% today i said in may that the 
senate calendar was one of the biggest hurdles, and that picture has worsened. 
last night the FISA reauth vote failed, so now next… 
pic.twitter.com/2EcxMb3Hwh — Alex Thorn (@intangiblecoins) June 5, 2026 
Unresolved Issues Add To The Delay Two sticking points remain on the table: 
lawmaker ethics rules and illicit finance provisions tied to the bill. Neither 
has been resolved, and the lack of movement on both fronts has further 
complicated the path forward. Despite the lowered odds, Thorn said he remains 
optimistic about the bill&#8217;s eventual chances — though he cautioned that the 
timeline is now more fluid than many had assumed. The CLARITY Act is widely 
considered the most consequential crypto legislation currently before 
Congress. Its central aim is to settle a long-running dispute between the 
Securities and Exchange Commission and the Commodity Futures Trading 
Commission over who regulates what in the digital asset space. Under the 
proposal, tokens classified as commodities would fall under CFTC oversight, 
while those deemed securities would stay with the SEC — a distinction that 
would reshape how exchanges operate and what compliance requirements apply to 
crypto projects. Supporters say federal clarity on those boundaries would cut 
regulatory uncertainty and keep crypto development from migrating abroad. A 
Window That May Be Closing Senator Cynthia Lummis had previously pointed to 
July 4 as a marker for getting market-structure legislation moving in the 
Senate. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum 
Accumulation Strategy Thorn&#8217;s revised figure puts pressure on that informal 
target. His assessment reflects scheduling constraints, not a shift in how 
lawmakers view the bill itself. For crypto stakeholders awaiting regulatory 
certainty, the revised outlook points to a potentially longer path toward 
comprehensive legislation. Featured image from Unsplash, chart from 
TradingView

A July 4 target date for advancing crypto market-structure legislation through the Senate is now looking less certain, according to Galaxy Digital&#8217;s head of research. Senate Calendar Creates A Bottleneck Alex Thorn revised his probability estimate for the CLARITY Act passing in 2026 from 75% down to 60%, citing a Senate schedule that has grown &#8230;

CLARITY Act Momentum Slows As Approval Odds Fall To 60%

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somewhere down the road. However, the Fed has access to the same numbers and 
seems to be more inclined to treat […]
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For the better part of two years, Wall Street has treated AI as the most bullish trade on the board, a growth engine that turbocharges earnings, underwrites stretched valuations, and promises a productivity windfall somewhere down the road. However, the Fed has access to the same numbers and seems to be more inclined to treat &#8230;

AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem

The hefty fine and client outflows highlight the critical need for robust 
compliance systems to maintain investor trust and market stability.
The post Western Asset Management Company fined $100M by SEC for misconduct 
appeared first on Crypto Briefing.

The hefty fine and client outflows highlight the critical need for robust compliance systems to maintain investor trust and market stability. The post Western Asset Management Company fined $100M by SEC for misconduct appeared first on Crypto Briefing.

Western Asset Management Company fined $100M by SEC for misconduct

Job growth exceeding expectations may sustain Fed&#8217;s restrictive policy, 
impacting risk assets like Bitcoin and keeping inflation concerns alive.
The post US adds 172,000 jobs in May, unemployment rate holds at 4.3% appeared 
first on Crypto Briefing.

Job growth exceeding expectations may sustain Fed&#8217;s restrictive policy, impacting risk assets like Bitcoin and keeping inflation concerns alive. The post US adds 172,000 jobs in May, unemployment rate holds at 4.3% appeared first on Crypto Briefing.

US adds 172,000 jobs in May, unemployment rate holds at 4.3%

The unexpected job surge may lead to tighter monetary policy, strengthening 
the Canadian dollar and impacting risk assets and crypto markets.
The post Canada adds 87,800 jobs in May as unemployment rate drops to 6.6% 
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The unexpected job surge may lead to tighter monetary policy, strengthening the Canadian dollar and impacting risk assets and crypto markets. The post Canada adds 87,800 jobs in May as unemployment rate drops to 6.6% appeared first on Crypto Briefing.

Canada adds 87,800 jobs in May as unemployment rate drops to 6.6%

RBI&#8217;s measures to support the rupee highlight the delicate balance between 
curbing inflation and sustaining economic growth amid global instability.
The post Reserve Bank of India holds rates steady, unveils measures to support 
rupee appeared first on Crypto Briefing.

RBI&#8217;s measures to support the rupee highlight the delicate balance between curbing inflation and sustaining economic growth amid global instability. The post Reserve Bank of India holds rates steady, unveils measures to support rupee appeared first on Crypto Briefing.

CLARITY Act Momentum Slows As Approval Odds Fall To 60%

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