Galaxy Research has raised concerns over the "Crypto Market Structure Act" (Clarity Act) draft, currently under Senate Banking Committee review, which could significantly enhance U.S. Treasury surveillance capabilities. The draft legislation proposes allowing transaction freezes without court orders and extends "special measures" to decentralized finance front-ends. Alex Thorn, Galaxy Digital's head of research, emphasized that these changes could mark the most substantial expansion of financial surveillance since the 2001 Patriot Act.