Galaxy Digital Identifies 7 Democrats Key to Passing CLARITY Act

Terrill Dicki May 11, 2026 07:10

Galaxy Digital highlights 7 Senate Democrats pivotal for advancing the CLARITY Act, which could establish clear U.S. crypto regulations.

Crypto investment firm Galaxy Digital believes seven Democratic lawmakers on the U.S. Senate Banking Committee could be critical to advancing the Digital Asset Market Clarity Act during its markup on Thursday. The bill, if passed, would establish clear regulatory rules for the crypto industry—a move that could reshape the sector in the U.S.

In a social media post, Galaxy Digital pointed to Representatives Ruben Gallego and Angela Alsobrooks as "constructive/pro-framework" on crypto issues. The firm categorized four others—Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock—as "deal-makers" who might approve the bill under certain conditions, including stronger safeguards against risks like illicit finance. Lisa Blunt Rochester was labeled “mixed” due to her past support for crypto frameworks but opposition to other related legislation like the GENIUS Act.

However, not all Democrats on the committee are likely to support the bill. Senators Jack Reed, Elizabeth Warren, Tina Smith, and Chris Van Hollen, who previously opposed the GENIUS Act, are expected to vote against the CLARITY Act as well, based on their historical stances.

Bipartisan Support Still Required

To pass out of the Senate Banking Committee, at least half of its 24 members—comprised of 13 Republicans and 11 Democrats—must vote in favor. The committee's approval would then send the bill to the Senate floor for debate, amendments, and a final vote. According to Kara Calvert, Vice President of U.S. Policy at Coinbase, the legislation will need 60 votes in the Senate to clear the chamber, making bipartisan support essential.

The CLARITY Act, introduced in July 2025, aims to address regulatory uncertainty that has long plagued the crypto industry. Advocates argue the bill could encourage more Web3 projects to stay or launch in the U.S., reversing a trend of talent and innovation heading overseas. Yet the bill has faced hurdles, including opposition from some crypto players like Coinbase, which withdrew its support in January over concerns about limitations on stablecoin yields and decentralized finance regulations.

Thursday’s markup is a pivotal moment for the bill. If the seven Democrats flagged by Galaxy Digital can be swayed, the likelihood of the CLARITY Act passing increases significantly. For now, all eyes are on the Banking Committee as it prepares for what could be a landmark decision for the U.S. crypto industry.

• clarity act
• crypto regulation
• galaxy digital