Galaxy Digital's head of research, Alex Thorn, has raised the probability of the CLARITY Act becoming law in 2026 to 75%, up from a previous 50% estimate. This adjustment follows a significant 15-9 vote by the Senate Banking Committee on May 14, marking the first substantial bipartisan support for the bill. The vote saw two Democrats join Republicans, signaling increased momentum for the legislation. Despite the progress, the CLARITY Act still faces hurdles, requiring 60 Senate votes to overcome a filibuster, followed by House reconciliation and a presidential signature. Thorn's updated timeline anticipates Senate floor consideration by mid-June and potential final passage by the end of July. However, opposition remains, notably from Senator Elizabeth Warren, who criticizes the bill on anti-money-laundering grounds. Market sentiment reflects cautious optimism, with Polymarket traders pricing the bill's passage at 68% as of May 18.