The Clarity Act is set for a full Senate vote in the coming weeks, and Galaxy Digital's Alex Thorne now puts the odds of passage before the August recess at 75%, up from a coin flip just three weeks ago. Thorne pegs the timeline at six to seven weeks of floor work, factoring in Senate consideration, reconciliation with the House bill, and a final House vote, citing the bipartisan momentum preserved by Democrats crossing the aisle as the reason for the upgrade. The bill just cleared committee with bipartisan support, framing it as a once-in-a-generation shot at US digital-asset rule-making.
Why it matters
Galaxy Digital framed the Clarity Act as comparable to the Securities Act of 1933 and the Exchange Act of 1934, arguing that the same clarity which sent US stocks into a century-long uptrend could now do the same for crypto. Treasury Secretary Bessent is cited as pro-direction on the legislation, and the SEC is reportedly developing a framework to permit tokenized stocks in parallel, a sequence the video argues means Wall Street is positioning ahead of enactment, not after it.
The integration thesis runs through the $69 trillion US equity market, which is described as the prize on-chain assets are racing to capture, with roughly $300 billion in tokenization already live and the rest awaiting regulatory clearance. Galaxy Digital's Mark Yusco echoed the point: every stock, bond, currency, commodity, and real-estate asset will eventually exist as a token on a public ledger, and every transaction of value will settle in digital assets.
Market impact
The clearest institutional positioning is on the rails that would carry that on-chain flow. Ripple Prime is now integrated with EDX Markets, the Wall Street-backed venue whose backers include Charles Schwab, Fidelity, Citadel, Goldman Sachs, and ex-CME executives, opening institutional access to XRP liquidity. Chainlink is being integrated into the DTCC's collateral app chain for 24/7 near-real-time collateral workflows, and the DTCC processes over $3.7 quadrillion in transactions annually, anchoring Chainlink into the plumbing of US equities, corporate bonds, and municipal bonds.
Ethereum is the base layer where Tom Lee is accumulating, having added another 71,000 ETH last week, with Larry Fink's thesis that up to 100% of global financial assets eventually settles on layer-1 blockchains. JP Morgan disclosed a $5 million position in Bitwise's Solana staking ETF in its Q1 13F filing, and seven Solana apps eclipsed eight-figure revenue in Q1 2026 alone.
Frequently asked questions
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What is the Clarity Act and when could it pass?
The Clarity Act is a US digital-asset bill that just cleared committee with bipartisan support and is heading for a full Senate vote. Galaxy Digital puts the odds of passage before the August recess at 75%, with a six-to-seven-week floor timeline.
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Why is the Clarity Act being compared to the 1933 Securities Act?
Galaxy Digital drew the comparison because the bill would give crypto the same kind of rules of the road that the Securities Act of 1933 and the Exchange Act of 1934 gave stocks, clarity that sent US equities into a century-long uptrend as institutional capital grew comfortable entering.
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How is Wall Street positioning ahead of the Clarity Act?
Ripple Prime is now integrated with EDX Markets, the venue backed by Charles Schwab, Fidelity, Citadel, Goldman Sachs, and ex-CME executives. Chainlink is being wired into the DTCC's collateral app chain, the DTCC processes over $3.7 quadrillion annually, and JP Morgan disclosed a $5M position in Bitwise's Solana…
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What is the SEC doing on tokenized stocks?
The SEC is reportedly developing a framework to permit tokenized stocks. The video frames this as Wall Street racing to tokenize the $69 trillion US equity market ahead of the Clarity Act, with roughly $300 billion in tokenization already live.
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Which altcoins are positioned for a Clarity Act pass?
Ethereum, where most on-chain activity happens today and Tom Lee added another 71,000 ETH last week. XRP, via the Ripple-EDX integration. Solana, where seven apps eclipsed eight-figure revenue in Q1 2026. Chainlink, via the DTCC integration. Sui, preparing free multi-stablecoin transfers on mainnet. And BitTensor,…
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