Galaxy Digital analysts peg the odds of the CLARITY Act passing at just 10%, according to a report from ForkLog.

Galaxy Digital: Low Odds for CLARITY Act

Galaxy Digital puts the chances of the CLARITY Act making it through at only 10%. The firm didn’t break down exactly how they came to that number, but it’s clear their experts are pretty skeptical about the bill’s prospects.

What’s the CLARITY Act?

The CLARITY Act is a bill aimed at tightening up crypto industry regulations. If it goes through, it could shake up how market players operate. Still, based on Galaxy Digital’s take, it looks like the odds of this bill actually getting the green light are extremely slim.

Impact on the Crypto Market

Galaxy Digital’s assessment could be a signal for how the crypto crowd is feeling about the future of regulation. For now, the chances of the CLARITY Act passing are about as low as it gets.