Galaxy Digital urges passage of Clarity Act before midterms

Alex Thorn, head of research at Galaxy Digital, has stressed the urgency of passing the Clarity Act ahead of the U.S. midterm elections in November. Writing on X, Thorn argued that with a highly competitive race for Senate control, it is crucial for the legislation to be approved now. He warned that if the Democratic Party wins the Senate, crypto-skeptic Sherrod Brown could return as Chairman of the Senate Banking Committee. Thorn added that even if Brown loses his election in Ohio, the chairmanship would then go to Elizabeth Warren, who also holds anti-crypto views.