The Digital Asset Market Clarity Act goes to markup on Thursday. Senate Banking Committee votes on whether it moves to the floor. Seven Democrats could swing it.
Galaxy Digital called out the names over the weekend. Two senators labelled constructive on crypto frameworks, four marked as deal-makers, one listed as mixed. If those Democrats vote yes in markup, passage through the full Senate becomes significantly more likely, according to the firm.
CLARITY Act markup scheduled for this week
The bill needs at least half the 24-member committee to pass. Thirteen Republicans, eleven Democrats. The Republicans are expected to back it. The Democrats are the question.
Ruben Gallego and Angela Alsobrooks were tagged as constructive or pro-framework. Mark Warner, Catherine Cortez Masto, Andy Kim and Raphael Warnock sit in the deal-maker column. All four voted to pass the GENIUS Act. All four want stronger safeguards around illicit finance and money laundering. Galaxy thinks they could be persuaded.
Lisa Blunt Rochester is the mixed read. Backed the crypto framework. Voted against the GENIUS Act. That makes her a swing vote.
| Senator | Galaxy Label | GENIUS Act Vote | Likelihood |
|---|---|---|---|
| Gallego / Alsobrooks | Constructive | N/A | Likely Yes |
| Warner / Cortez Masto / Kim / Warnock | Deal-maker | Yes | Conditional |
| Blunt Rochester | Mixed | No | Swing |
| Reed / Warren / Smith / Van Hollen | Opposed | No | Likely No |
Four Democrats are expected to vote no. Jack Reed, Elizabeth Warren, Tina Smith, Chris Van Hollen. All voted against the GENIUS Act. Galaxy expects the same path here based on past statements.
What the CLARITY Act does
The bill sets clear rules for the crypto industry in the US. Years of regulatory uncertainty would end if it passes into law. Projects that stayed offshore might come back. That requires bipartisan support. It also requires at least 60 votes on the Senate floor, according to Coinbase.
Kara Calvert, vice president of US policy at Coinbase, told attendees at the Consensus 2026 conference that the CLARITY Act needs bipartisan support to become law. She put the Senate floor threshold at 60 votes.
The bill was introduced in July 2025. It stalled in January after Coinbase withdrew its support. The exchange cited concerns over legal protections for open-source software developers, a prohibition on stablecoin yields, and decentralised finance regulations. Those issues remain unresolved.
Cross-reference with Stand With Crypto
Stand With Crypto, a US crypto advocacy platform, scores politicians on their crypto stance based on past statements and actions. Warner, Cortez Masto and Alsobrooks are listed as strongly supportive of crypto. Kim is neutral. Reed, Warren and Smith are strongly opposed.
Four senators on the Galaxy list are not ranked by Stand With Crypto due to insufficient data. Warnock, Blunt Rochester, Gallego and Van Hollen fall into that gap. That makes the Thursday markup harder to call than the party split suggests.
If the CLARITY Act clears the committee, it heads to the Senate floor for scheduling, debate, possible amendments, and a vote. The path from there depends on how many Democrats cross over. The crypto industry has been here before. The GENIUS Act passed. This one is tighter.
The markup is Thursday. The votes will be public. The sector will know by end of week whether the bill is alive or shelved again.
This article is for information purposes only and does not constitute investment advice. Readers should not act on any information contained here without first consulting an authorised financial adviser. Past performance is not a reliable indicator of future results.
