Galaxy: 7 Democratic Senators Could Be Key to Advancing the CLARITY Act

Odaily Planet Daily reported that Galaxy Digital stated that seven Democratic members of the U.S. Senate Banking Committee could play a crucial role in advancing the CLARITY Act. The bill will enter committee deliberations this Thursday. If approved, it will be submitted for a full Senate vote.

Galaxy listed Ruben Gallego and Angela Alsobrooks as "pro-crypto framework" lawmakers and considers Senators Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock to be in the "negotiable camp," potentially supporting the bill after the inclusion of additional anti-money laundering and risk control provisions.

The report noted that the Senate Banking Committee has 24 members, comprising 13 Republicans and 11 Democrats. The bill requires at least majority support to advance to the next stage. Coinbase's head of policy previously stated that the CLARITY Act would ultimately need at least 60 votes and bipartisan support to become law. (Cointelegraph)