Galaxy Research: Odds of CLARITY Act Passage This Year Decline Galaxy Research stated that the likelihood of the U.S. crypto market structure bill, the CLARITY Act, passing in 2026 is declining. Uncertainty surrounding the legislation has prompted the SEC and CFTC to accelerate

What happened

Galaxy Research said the chance that the U.S. crypto market‑structure bill, the CLARITY Act, will be enacted in 2026 is dropping. The growing uncertainty around the proposal has caused the SEC and the CFTC to speed up their own regulatory actions.

Confirmed

Global impact / market context

Fewer chances of the CLARITY Act mean regulators may impose rules without a new federal framework, leaving crypto firms to follow existing, possibly fragmented, guidance. This can raise compliance costs and affect investors’ confidence significantly.

Analyst inference

Crypto regulation in the U.S. has been uncertain, with the SEC focusing on securities rules and the CFTC on commodities. The slowdown of a dedicated market‑structure law adds pressure on these agencies to fill gaps.

Analyst inference

What to watch

1. SEC actions – watch for new guidance or enforcement actions targeting crypto exchanges, as the agency moves faster to address market‑structure concerns without the CLARITY Act. Analyst inference
2. CFTC activity – monitor for expanded commodity‑derivatives rules or subpoenas aimed at crypto firms, reflecting the commission’s accelerated oversight in the absence of a dedicated bill. Analyst inference
3. Legislative signals – follow any statements from Congress members or the Treasury about reviving or replacing the CLARITY Act, which could reset market expectations and shape future regulatory pathways. Analyst inference

Evidence

• x.com