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

Odaily Planet Daily News Galaxy Digital stated that 7 Democratic members of the U.S. Senate Banking Committee could play a key role in advancing the CLARITY Act. The bill will enter the committee review stage this Thursday; if passed, it will be submitted for a full Senate vote.

Galaxy listed Ruben Gallego and Angela Alsobrooks as "pro-crypto framework" lawmakers. It assessed that other members such as Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock fall into the "negotiable" category and may support the bill after anti-money laundering and risk control provisions are added.

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