CLARITY Act Clock Ticks Down: TD Cowen Says 2026 Passage Looks Less Likely–Here’s Why

The odds of the CLARITY Act becoming law this year are fading, according to TD Cowen, even after the bill cleared key legislative hurdles in the Senate. While the measure successfully passed through the Senate Agriculture Committee and the Senate Banking Committee, a full Senate vote—and the final approval needed to send the bill to the finish line—now looks increasingly unlikely before year’s end. CLARITY Act Momentum Hits New Wall TD Cowen managing director Jaret Seiberg, writing in a Tuesday