Galaxy Slashes CLARITY Act Passage Odds to 50% as Senate Clock Ticks Down
Citing a bottlenecked congressional calendar and new legislative feuds, Galaxy Research has downgraded the chances of the CLARITY Act passing this year to just 50%.
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Galaxy shares surged 11% after its annual report showed strong core business performance despite a $241 million net loss.
Galaxy is preparing to launch a $100 million hedge fund designed to profit from both rising and falling crypto prices across digital assets and related equities.
Invesco and Galaxy Asset Management have launched the Invesco Galaxy Solana ETP, expanding regulated investment access to the Solana blockchain.