The crypto market structure bill is unlikely to come up for a second vote in 2026 if it fails to pass in a vote next week, analyst Alex Thorn said.
The passage of the Digital Asset Market Clarity Act of 2025, also known as the CLARITY market structure bill, hinges on bipartisan support in the United States Senate Banking Committee, according to Alex Thorn, head of research at crypto investment firm Galaxy.
Typically, the Senate needs at least 60 votes to advance legislation, and Republicans need seven to 10 Democrats to vote yes on the CLARITY Act, Thorn said on Friday.
If Republicans can secure four votes from Democrats on the Senate Banking Committee, it is “likely” that all 17 Democratic senators who voted for the GENIUS Act, a stablecoin regulatory framework, will vote with Republicans to advance the market structure bill. Thorn added:
The US Congress passing a crypto market structure framework would foster crypto adoption, especially among institutional investors, who may be hesitant to adopt digital asset technology due to unclear regulations and the possibility of a regulatory rollback, Thorn said.
