Galaxy Says 7 Democrats Could Play Key Role in Advancing CLARITY Act

The CLARITY Act, which was introduced in July 2025, lost momentum in January after Coinbase pulled its support for the bill due to concerns surrounding legal safeguards and stablecoin yield provisions.

Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee may play a crucial role in moving the Digital Asset Market Clarity Act forward when the bill reaches markup on Thursday, potentially clearing the way for a full Senate vote.

In a post shared on X on Sunday, Galaxy Digital described Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” regarding crypto policy. The firm also categorized four other lawmakers as “deal-makers,” while one senator received a “mixed” assessment.

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

If the CLARITY Act passes through the Senate and becomes law, it would create clearer regulatory guidelines for the crypto industry in the United States, potentially ending years of uncertainty and encouraging more blockchain projects to launch within the country, although bipartisan backing will still be required.

Key Democratic Senators Seen as Potential Swing Votes on the CLARITY Act

Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock were categorized by Galaxy Digital as “deal-maker/conditional,” noting that each lawmaker has expressed support for the framework and voted in favor of the GENIUS Act.

However, according to Galaxy Digital, they are also seeking stronger protections against risks tied to illicit finance and money laundering, though the firm believes they could still be convinced to support the bill.

Lisa Blunt Rochester, who was described as “mixed,” is viewed as a potential swing vote after supporting the crypto framework while also voting against the GENIUS Act.

Report Suggests Four Votes Could Turn Against the Bill

Jack Reed, Elizabeth Warren, Tina Smith, and Chris Van Hollen all voted against the GENIUS Act, and Galaxy Digital expects them to take a similar stance on the CLARITY Act based on their previous remarks.

The CLARITY Act is set for markup on Thursday. For the bill to advance through the Senate Banking Committee, support from at least half of the 24-member panel — consisting of 13 Republicans and 11 Democrats — will be required.

After clearing the committee stage, the bill will move to the Senate floor for scheduling, debate, and potential amendments ahead of a final vote. Kara Calvert, vice president of US policy at Coinbase, told attendees at the Consensus 2026 conference that the legislation would require at least 60 Senate votes and bipartisan backing to become law.

Stand With Crypto, a US-based crypto advocacy and tracking platform that evaluates politicians based on their previous statements and actions toward digital assets, identifies Mark Warner, Catherine Cortez Masto, and Angela Alsobrooks as strong supporters of the crypto industry.

According to Stand With Crypto, Andy Kim is viewed as neutral on crypto, while Jack Reed, Elizabeth Warren, and Tina Smith are classified as strongly opposed to the industry. Raphael Warnock, Lisa Blunt Rochester, Ruben Gallego, and Chris Van Hollen remain unrated because of insufficient available data.

The CLARITY Act, introduced in July 2025, was initially expected to advance but lost momentum in January after Coinbase withdrew its backing for the proposal, raising concerns about insufficient legal protections for open-source software developers, restrictions on stablecoin yields, and regulations surrounding decentralized finance.