Clarity Act advancement hindered; bipartisan cooperation becomes a key variable

ZeroRushCaptain · 2026-01-12T19:53:34+00:00

The key to passing the US cryptocurrency asset regulation bill CLARITY depends on whether the Republican Party can garner enough support from Democrats. If the necessary 60 votes are not achieved, the bill's prospects are bleak, which will impact the future timeline of digital asset regulation. If progress proves difficult, it may be delayed until 2027 or later, and market sentiment will be affected. Investors should closely monitor the developments.

ZeroRushCaptain

2026-01-12 19:53:34

Abstract generation in progress

The latest developments in U.S. cryptocurrency asset regulation have attracted market attention. According to Cointelegraph, Alex Thorn, head of the Galaxy research department, recently analyzed that whether the highly anticipated Digital Asset Regulation Bill (CLARITY Bill) can pass the U.S. Senate Banking Committee depends on whether the Republican Party can secure enough Democratic support.

Passage Thresholds and Political Considerations

The standard legislative process in the Senate requires at least 60 votes to advance, meaning Republicans must gain support from 7 to 10 Democrats. Thorn pointed out that if the committee can secure the agreement of 4 Democratic members, the 17 Democratic senators who previously supported the GENIUS Bill might shift to support the CLARITY Bill.

However, the bill’s prospects are not optimistic. If the Banking Committee’s vote fails to demonstrate strong bipartisan cooperation, the likelihood of passing the bill in 2026 will significantly decrease. For market participants, this signal is crucial—it directly relates to when the digital asset regulatory framework will take shape.

Delay Risks and Timeline

If the bill ultimately fails to advance, short-term market sentiment is likely to be impacted. More concerning is the timing variable: delays in Democratic voting could push the bill’s passage to 2027, with the final implementation potentially delayed until 2029.

TD Cowen’s warning further reveals the complexity of this political game. Meanwhile, Ray Dalio also cautions investors about a potential turning point—if the Republicans lose in the 2026 midterm elections, the policy framework favorable to digital assets implemented during Trump’s era could be revoked, leading to a regulatory environment reversal that would have profound impacts on the entire market landscape.

Investors need to closely monitor the progress of the CLARITY Bill in the Senate, as each vote outcome could reshape market expectations.

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.