Galaxy Research says the likelihood of the U.S. crypto market structure bill, the **CLARITY Act**, passing by 2026 is decreasing. The uncertainty around the legislative outlook is pushing the SEC and CFTC to accelerate the use of administrative measures like rulemaking, interpretive guidance, and regulatory exemptions to provide clearer rules for digital asset issuance, trading, and market oversight. Galaxy points out that while these measures can temporarily fill regulatory gaps during Congressional gridlock, their legal authority and durability are weaker than formal legislation. Future administrations could still modify or revoke them, making it hard to replace a long-term regulatory framework established by Congress. https://(wublock123.com)/news/galaxy-research-clarity-bill-likelihood-falls-year-66581