Galaxy Digital Identifies 7 Democratic Senators Critical to CLARITY Act's Progress

Galaxy Digital Identifies 7 Democratic Senators Critical to CLARITY Act's Progress

Galaxy Digital, a cryptocurrency investment firm, has identified seven Democratic members of the US Senate Banking Committee who may be persuaded to support the CLARITY Act when it undergoes markup this Thursday.

Galaxy Digital, a prominent cryptocurrency investment company, has identified seven Democratic members serving on the US Senate Banking Committee as potentially pivotal figures in moving forward the Digital Asset Market Clarity Act during its scheduled markup session this Thursday, which would then advance the legislation to a full Senate vote.

Through a social media post shared on X this past Sunday, Galaxy Digital characterized Democratic senators Ruben Gallego and Angela Alsobrooks as having "constructive/pro-framework" positions regarding cryptocurrency policy. An additional four legislators have been categorized as "deal-makers," with one remaining senator described as having a "mixed" stance.

"If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly," Galaxy Digital said.

Successfully shepherding the CLARITY Act through Senate approval and into enacted legislation would create definitive regulatory guidelines for the cryptocurrency sector within the United States, bringing closure to an extended period of regulatory ambiguity affecting the industry and potentially motivating additional projects to establish operations domestically, although achieving this outcome requires support from both political parties.

Senators Mark Warner, Catherine Cortez Masto, Andy Kim and Raphael Warnock have been classified under the "deal-maker/conditional" category by Galaxy Digital, given that each of these legislators has demonstrated support for regulatory frameworks and cast votes in favor of passing the GENIUS Act.

Nevertheless, these senators have also expressed desire for enhanced protective measures to mitigate potential dangers including exploitation for illicit financial activities and money laundering operations, and may potentially be convinced to support the legislation, based on Galaxy Digital's assessment.

Senator Lisa Blunt Rochester, who received the "mixed" designation, represents a potential deciding vote given her previous endorsement of cryptocurrency regulatory frameworks coupled with her opposition vote against the GENIUS Act.

At least four are likely to vote against the bill

Senators Jack Reed, Elizabeth Warren, Tina Smith and Chris Van Hollen all cast votes in opposition to the GENIUS Act, and Galaxy anticipates these lawmakers will take a comparable approach regarding the CLARITY Act when considering their previous public positions.

Markup proceedings for the CLARITY Act have been placed on the calendar for Thursday. For the legislation to advance beyond the Senate Banking Committee, approval from a minimum of half the members of this 24-person body, consisting of 13 Republicans and 11 Democrats, will be necessary.

Following successful passage through committee review, the legislation will proceed to the Senate floor where it awaits scheduling, undergoes debate proceedings and may face additional amendments prior to a final vote. Kara Calvert, vice president of US policy at crypto exchange Coinbase, told attendees at the Consensus 2026 conference that the bill needs at least 60 votes to pass in the Senate and bipartisan support to become law.

Stand With Crypto, a US crypto advocacy and tracking platform that scores politicians on their crypto stance based on past statements and actions, lists Warner, Cortez Masto, and Alsobrooks as strongly supportive of crypto.

Senator Kim has been assessed as holding a neutral position, while Reed, Warren and Smith have all been classified as demonstrating strong opposition toward cryptocurrency. Senators Warnock, Blunt Rochester, Gallego, and Van Hollen have not received rankings owing to inadequate available data, as reported by Stand With Crypto.

The CLARITY Act, introduced in July 2025, was expected to progress but stalled in January after Coinbase withdrew its support for the legislation, citing concerns over a lack of legal protections for open-source software developers, a prohibition on stablecoin yields and decentralized finance regulations.