Bipartisan Support Crucial for Passage of Digital Asset Market Clarity Act

According to Cointelegraph, the Digital Asset Market Clarity Act of 2025, known as the CLARITY market structure bill, is contingent on bipartisan backing within the United States Senate Banking Committee. Alex Thorn, head of research at crypto investment firm Galaxy, emphasized the necessity for at least 60 votes in the Senate to advance the legislation. Republicans require the support of seven to ten Democrats for the CLARITY Act to proceed. Thorn noted that if Republicans secure four Democratic votes from the Senate Banking Committee, it is probable that all 17 Democratic senators who previously supported the GENIUS Act, a stablecoin regulatory framework, will align with Republicans to push the market structure bill forward. Thorn highlighted the importance of bipartisan cooperation, stating that without strong bipartisan support in the Senate Banking Committee vote, the bill's chances of passing in 2026 would significantly diminish. The passage of a crypto market structure framework by the US Congress could enhance crypto adoption, particularly among institutional investors who may be cautious due to unclear regulations and potential regulatory reversals. Thorn also addressed the potential consequences if the CLARITY Act does not pass in the Senate. He suggested that the impact on the crypto industry would be relatively minimal, as industry players have already achieved several key policy objectives through the pro-crypto regulatory shift in the US. However, he warned that short-term investor sentiment might be affected if the bill fails to advance, especially with the 2026 US midterm elections creating uncertainty about a second vote in 2026 if the bill does not progress on January 15. Investment Bank TD Cowen recently cautioned that crypto market structure legislation might not pass until 2027 and could take effect in 2029 if Democratic lawmakers manage to delay the vote beyond the midterm elections and regain control of at least one chamber of Congress. Billionaire hedge fund manager Ray Dalio expressed concerns that Trump-era regulations benefiting the crypto industry, artificial intelligence, and the broader tech sector could be reversed if Republicans lose control of either chamber in the 2026 midterms.