Galaxy Digital: Clarity Act's Senate passage hinges on 7 Democrats

The U.S. CLARITY Act is scheduled for a markup and vote in the Senate Banking Committee on May 14. According to an analysis by Galaxy Digital, the bill's passage hinges on the votes of seven key Democratic committee members. In a chart shared on X, Galaxy Digital classified Ruben Gallego and Angela Alsobrooks as supporters of a regulatory framework. Four others—Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock—are considered conditional negotiators. While they have previously supported the GENIUS Act, they are now demanding stronger measures against illicit finance and money laundering. Meanwhile, Lisa Blunt Rochester is seen as a wildcard, as she supports a framework but opposed the GENIUS Act. Four additional Democrats—Jack Reed, Elizabeth Warren, Tina Smith, and Chris Van Hollen—are expected to oppose the bill, given their past opposition to the GENIUS Act. The committee is composed of 13 Republicans and 11 Democrats, and the bill requires at least 60 votes to pass on the Senate floor.