CLARITY Act's probability of passage in 2026 drops to 30%, US Senator Jon Husted voices support

According to Odaily, U.S. Senator Jon Husted publicly supported the Digital Asset Market Clarity Act on July 28, stating that if the U.S. wants to maintain its leading position in the digital asset space, it needs a clear, enforceable regulatory framework that supports innovation and jobs.

The CLARITY Act aims to establish the first comprehensive federal framework for crypto regulation in the U.S., dividing jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill categorizes tokens into three types, granting the CFTC exclusive regulatory authority over the spot market for digital commodities, while the SEC continues to oversee assets that still resemble securities.

Galaxy Research has lowered the probability of the CLARITY Act becoming law by 2026 from 50% to 30%. Research Director Alex Thorn stated that the 60-vote threshold in the Senate is the main obstacle, and supporters may not yet have a simple majority.

The revised draft of the bill proposes to prohibit the President, Vice President, members of Congress, federal judges, and their spouses from receiving compensation through issuing or sponsoring digital assets during their terms until January 2029, and requires relevant officials to sell their crypto holdings or place them in blind trusts.