TechFlow news, May 11: According to a Cointelegraph report, Galaxy Digital stated that seven Democratic senators on the Senate Banking Committee may be pivotal in advancing the Digital Asset Market Clarity Act (“CLARITY Act”) to the next stage. The bill is set for committee consideration this Thursday; if approved, it will proceed to a full Senate vote. Galaxy believes that Ruben Gallego and Angela Alsobrooks hold relatively constructive views on the cryptocurrency regulatory framework, while Mark Warner and four others may offer conditional support. The report also notes that the CLARITY Act was introduced in July 2025 but stalled in January 2026 after Coinbase withdrew its support—citing concerns regarding legal protections for open-source software developers, stablecoin yield, and decentralized finance (DeFi) regulation.
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