Galaxy Digital has lowered its estimated probability of the CLARITY Act becoming law in 2026 to 50%, citing a shrinking Senate calendar and the absence of visible legislative progress ahead of the August recess. According to a research note from…
Senate timing constraints have weakened the CLARITY Act’s outlook as lawmakers face a crowded agenda before the August recess. Galaxy Digital’s research lowered its 2026 passage estimate to a 50-50 chance, citing no floor date, no motion to proceed, and no unified committee text. Senate Calendar Pressures Weigh on CLARITY Act Passage Outlook Senate scheduling […]
Bitcoin.com News•Kevin Helms27 Jun
Galaxy Digital’s stock surge points to a new trend: Investors are rewarding some crypto firms for AI infrastructure, not just digital asset exposure.
Cointelegraph•Cointelegraph by Dilip Kumar Patairya25 JunGalaxy Digital’s stock surge points to a new trend: Investors are rewarding some crypto firms for AI infrastructure, not just digital asset exposure.
Cointelegraph•Dilip Kumar Patairya25 Jun
Galaxy Digital's investment signals a shift towards institutional-grade crypto lending, potentially restoring trust and attracting cautious investors.
CryptoBriefing•Editorial Team23 JunSkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz have predicted that Bitcoin will reclaim the $70,000 threshold by the end of July 2026.
U.Today•Alex Dovbnya14 Jun
Bitcoin climbed above $64,000 on June 12 as improving market sentiment and bullish technical signals challenged a recent Galaxy Digital forecast that the cryptocurrency may not bottom until the fourth quarter. The rebound comes just days after Galaxy Digital’s head…
Galaxy Digital CEO warns Congress has just 4 weeks to pass the CLARITY Act with 3 unresolved issues holding up the U.S. crypto bill.
U.Today•Gamza Khanzadaev10 Jun
A coalition of more than 200 organizations including Coinbase and Ripple pushed Senate leadership for a floor vote Monday. Galaxy Digital's research head simultaneously lowered his 2026 passage probability by 15 points, citing a shrinking calendar and unresolved ethics provisions.
The Defiant•The Defiant Team8 Jun
Bitmine continues to amass the largest Ethereum war chest as US lawmakers debate crypto’s future. On Monday, the crypto treasury firm bought up another $294 million worth of Ether in its largest haul since December. It now holds roughly $12 billion worth of the second-largest cryptoasset, alongside significant equity stakes in ventures including Beast Industries and Eightco. Bitmine Chair Tom Lee said Ethereum is benefiting from “dual tailwinds”: Wall Street tokenising assets and artificial intelligence. Bitmine is one of the few public equities offering exposure to OpenAI via Eightco. Bitmine’s latest haul comes as Senator Cynthia Lummis said at the Bitcoin 2026 conference on Monday that the Senate will mark up the long-awaited Clarity Act in May — a pivotal step toward establishing a federal framework for digital assets. Lummis is one of the most prominent voices on Capitol Hill backing the crypto industry and an early Bitcoin buyer. Ethereum is up 14% over the past month, though still down 54% from its August peak of $4,950. Spot exchange-traded funds tracking the token have drawn $489 million in April, snapping a five month losing streak, DefiLlama data shows . “In our view, there is a lot of meaning to Ethereum being the best 'war-time store of value' and to Ether being the asset leading since the [Iran] war started," said Lee. Though its share price is down over 60% since August, Bitmine enjoys backing from ARK's Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital and Bill Miller. Clarity Act The Clarity Act is facing delays in Washington as lawmakers struggle to agree on key parts of the bill. The bill, which has been stuck in Senate procedural limbo after clearing the House back in July 2025, would establish a federal market structure framework for digital assets. Lawmakers have been haggling over friction points including stablecoin yield rules and regulatory jurisdiction. The Senate Banking Committee failed to schedule an April markup of the Clarity Act, pushing debate into May as sticking points remain. Last week, Galaxy Digital’s head of research warned in a note shared with DL News that if the Senate does not move forward with the Clarity Act by mid-May, the chances of it passing in 2026 will drop quickly. He estimates the odds are already around 50% or lower. Lummis pledged swift movement in Washington, saying the Senate will take up the Clarity Act in May and push through digital asset legislation. “Bitcoin comes with a culture that could’ve written the US Declaration of Independence that we celebrate today,” she said. Crypto market movers Bitcoin is down 1.1% over the past 24 hours at $76,822. Ethereum is down 1.6% over the past few hours at $2,283. What we’re reading Justin Sun announces $20m boost for Aave as he calls on lender to expand to his blockchain — DL News Banks are fighting a ‘sideshow’ as Clarity Act stalls. Will it matter? — DL News US Military Is Running a Live Bitcoin Node for Cybersecurity Research, Indo-Pacific Commander Tells Congress — Unchained S&P 7,100, Oil drought, and a $3T bond bet — Milk Road Bitcoin traders eye $90,000 price after Kevin Warsh’s confirmation chances skyrocket. Here’s why — DL News Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com
The Clarity Act is stalling in Washington — but industry insiders say the outcome has already been decided. Zachary Townsend, CEO of crypto insurance company Meanwhile, says that traditional banks lobbying to block yield-bearing stablecoins are “fighting a sideshow.” “Every incumbent fights a better financial product,” Townsend said . “Stalling the Clarity Act doesn't change where this ends. “They lobby, they delay, but they lose the market anyway.” Townsend’s optimistic take comes as the Senate Banking Committee failed to schedule an April markup of the Clarity Act, pushing debate into May as three sticking points remain: decentralisation provisions, securing Republican votes, and stablecoin yield. The delay comes even as President Donald Trump told memecoin holders at Mar-a-Lago over the weekend that he wants the bill passed and would sign it immediately. “The banks are fighting a sideshow while the real deposit displacement is already underway,” Townsend said. What’s the issue? At the heart of the standoff lies stablecoin interest. The Genius Act, signed into law by Trump in July 2025, requires stablecoin issuers to maintain one-to-one reserves backing outstanding tokens. Those reserves can include US dollars, federal reserve notes, insured deposits, short-term Treasuries and money market funds. Crucially, the law prohibits issuers from offering direct interest or yield to stablecoin holders. It does not explicitly block affiliates or third parties from structuring yield products around them. Some versions of the proposed Clarity Act would close that gap entirely. Banking groups argue that allowing stablecoins to offer competitive returns could drain deposits from traditional bank accounts. Because stablecoin reserves are fully backed rather than fractionally lent, critics warn this could shrink lending capacity. But a White House economic analysis published earlier in April paints a different picture. Using a baseline model , eliminating stablecoin yield increases bank lending by just $2.1 billion — roughly 0.02% of total lending — while imposing a net welfare cost of $800 million. Large banks account for 76% of the modest lending bump, with community banks contributing about $500 million, or a 0.026% increase in their lending. Even under stacked “worst-case” assumptions — including stablecoins growing sixfold as a share of deposits and reserves locked entirely in non-lendable cash — the model produces a 4.4% increase in aggregate bank loans. Community bank lending rises by 6.7% in that extreme scenario. Townsend sees the debate as symbolic. In his view, deposit migration is structural. In January, Standard Chartered forecasted that banks could lose up to $1.5 trillion in deposits to stablecoins by 2028 regardless of yield rules. Runway ending The legislative calendar is tightening. Republican Senator Thom Tillis has requested more time to consult banks on the yield issue and release draft text. If it is not passed before the midterm elections in November, it could be delayed for years, according to Alex Thorn, head of research at Galaxy Digital. “If the markup slips past mid-May, the probability of enactment in 2026 will drop sharply,” Thorn warned in a note shared with DL News . “In our view, the odds of Clarity being signed into law in 2026 are roughly 50-50, and possibly lower.” Polymarket punters give the Clarity Act a 47% chance of being passed in 2026, down from 82% in February. Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com
Crypto majors are very red following a red Tuesday across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana both fell below key technical support levels as selling pressure accelerated. Over $1B in longs were liquidated during Bitcoin’s slide below $88k. Delaware Life added Bitcoin exposure to a fixed indexed annuity by linking performance to BlackRock’s spot BTC ETF, one of the first big moves to expand crypto access inside traditional insurance products. Trump Media announced plans to airdrop crypto tokens to shareholders in February, marking its first onchain incentive tied directly to equity ownership. Coinbase CEO Brian Armstrong traveled to Davos to push for a “win-win” U.S. crypto market structure bill amid renewed regulatory momentum. Portugal’s gambling regulator blocked access to Polymarket, citing unlicensed gambling concerns as prediction markets face mounting global scrutiny. The CFTC warned it is underprepared to take on a broader crypto oversight role, as the agency faces staffing shortages after a roughly 21.5% workforce reduction. Galaxy Digital announced plans for a $100M hedge fund targeting crypto and fintech. World Liberty Fi announced its first annual form at Mar-A-Lago on Feb 18.