Seven Senate Democrats could swing CLARITY Act markup

Galaxy Digital wrote on X that seven Democrats on the Senate Banking Committee could determine whether the CLARITY Act advances during a markup scheduled for Thursday. The lawmakers named were Ruben Gallego, Angela Alsobrooks, Mark Warner, Catherine Cortez Masto, Andy Kim, Raphael Warnock and Lisa Blunt Rochester.

The firm categorized Gallego and Alsobrooks as “constructive/pro-framework”, labeled Warner, Cortez Masto, Kim and Warnock “deal-maker/conditional”, and described Blunt Rochester as “mixed”. Galaxy added: “If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly.”

Galaxy identified at least four Democrats it expects to oppose the bill in committee: Jack Reed, Elizabeth Warren, Tina Smith and Chris Van Hollen. Each of those senators voted against the earlier GENIUS Act and has made statements indicating resistance to similar proposals.

The Senate Banking Committee has 24 members — 13 Republicans and 11 Democrats — and requires approval from at least half of its members for a bill to move out of committee. If the CLARITY Act clears committee, it will go to the Senate floor for scheduling, debate and possible amendments. Kara Calvert, vice president of US policy at Coinbase, told a conference audience the bill will need roughly 60 votes in the full Senate and bipartisan support to become law.

Galaxy noted Warner, Cortez Masto, Kim and Warnock previously supported the crypto framework and voted to advance the GENIUS Act but are seeking stronger safeguards against risks such as illicit finance and money laundering before committing to final passage. Blunt Rochester is described as a potential swing vote; she has supported a broad crypto framework but opposed the GENIUS Act.

Stand With Crypto, a tracking group, lists Warner, Cortez Masto and Alsobrooks as strongly supportive of crypto, classifies Kim as neutral and lists Reed, Warren and Smith as strongly opposed. Warnock, Blunt Rochester, Gallego and Van Hollen are not ranked by the group because of limited data.

The CLARITY Act was introduced in July 2025. Its progress stalled in January after Coinbase withdrew support, citing concerns about legal protections for open-source software developers, a prohibition on stablecoin yields and provisions governing decentralized finance. Supporters say the bill would create clearer federal rules for the crypto industry; critics call for tighter safeguards on financial stability and illicit activity.