A July 4 target date for advancing crypto market-structure legislation through the Senate is now looking less certain, according to Galaxy Digital’s head of research. Senate Calendar Creates A Bottleneck Alex Thorn revised his probability estimate for the CLARITY Act passing in 2026 from 75% down to 60%, citing a Senate schedule that has grown increasingly crowded with competing priorities. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Next week’s agenda is expected to be taken up largely by FISA-related business following a failed reauthorization vote, leaving little room for crypto legislation to advance. Thorn said the obstacle is no longer political will — support for the bill has not collapsed. The problem is time. i just sent this note to clients lowering my odds of 2026 clarity act passage from 75% immediately post-markup to 60% today i said in may that the senate calendar was one of the biggest hurdles, and that picture has worsened. last night the FISA reauth vote failed, so now next… pic.twitter.com/2EcxMb3Hwh — Alex Thorn (@intangiblecoins) June 5, 2026 Unresolved Issues Add To The Delay Two sticking points remain on the table: lawmaker ethics rules and illicit finance provisions tied to the bill. Neither has been resolved, and the lack of movement on both fronts has further complicated the path forward. Despite the lowered odds, Thorn said he remains optimistic about the bill’s eventual chances — though he cautioned that the timeline is now more fluid than many had assumed. The CLARITY Act is widely considered the most consequential crypto legislation currently before Congress. Its central aim is to settle a long-running dispute between the Securities and Exchange Commission and the Commodity Futures Trading Commission over who regulates what in the digital asset space. Under the proposal, tokens classified as commodities would fall under CFTC oversight, while those deemed securities would stay with the SEC — a distinction that would reshape how exchanges operate and what compliance requirements apply to crypto projects. Supporters say federal clarity on those boundaries would cut regulatory uncertainty and keep crypto development from migrating abroad. A Window That May Be Closing Senator Cynthia Lummis had previously pointed to July 4 as a marker for getting market-structure legislation moving in the Senate. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Thorn’s revised figure puts pressure on that informal target. His assessment reflects scheduling constraints, not a shift in how lawmakers view the bill itself. For crypto stakeholders awaiting regulatory certainty, the revised outlook points to a potentially longer path toward comprehensive legislation. Featured image from Unsplash, chart from TradingView
Shares of Cypherpunk Technologies plunged more than 40% following the disclosure of a critical bug that was recently patched in Zcash.
ZEC crashed over 50% to around $310 amid Zcash's Orchard bug disclosure and more than $116 million in 24-hour liquidations.
The vulnerability was fixed within days, and findings suggest that actual exploitation of the bug is unlikely.
DeFi exploit losses fell 74% from the 2022 peak to $680 million in 2025, according to Immunefi, amid structural security shifts.
Private-sector firms joined the DOJ's "Disruption Week," freezing $3.8 million in crypto and disrupting 1.4 million scam-linked accounts.
EdgeX says that 174 addresses flooded a PancakeSwap pool with EDGE token sell orders during a period of low liquidity.
Ledger's Donjon team found a laser-based hardware flaw in the TROPIC01 chip used in the Trezor Safe 7, but Trezor says no funds are at risk.
Radiant Capital said it hasn't been able to recover a meaningful amount of funds or raise new capital since the 2024 exploit.
Gnosis co-founder Martin Koppelmann said all user losses will be covered as containment efforts continue following an exploit.
The developer told The Block that two of 48 eligible investors have already claimed 96.5 ETH that was unfrozen, worth nearly $200,000 at current prices.
The attacker took USDC, ether, tether and PAYG tokens before laundering a portion through ChangeNow and Binance.
Sui was offline for 5 hours and 55 minutes on Thursday due to a bug in the blockchain's latest "1.72 release."
Sui said the blockchain is experiencing a "network stall," as block explorers show the protocol has not produced a block in nearly 2 hours.
The attacker minted 5.4 trillion vsdCRV on Arbitrum and is actively swapping tokens for ether, the researchers said.
OpenZeppelin's Manuel Aráoz said he has been privately advising friends and family to exit all DeFi positions.
Squid said its core protocol was unaffected after a third-party module named SquidRouterModule was exploited for roughly $3.2 million.
The TrapDoor malware campaign used malicious packages across npm, PyPI, and Crates.io to target crypto developer environments.
EURR fell to $0.85 and USDR fell as low as $0.40 after an attacker dumped roughly $10.4 million in face value on decentralized exchanges.
Onchain sleuth ZachXBT flagged a potential exploit of Polymarket's UMA CTF Adapter on Polygon, with $520K reportedly drained so far.
An attacker transferred 4,052.4 ETH worth $8.5 million back to Verus on Friday after the team proposed a bounty framework.
The wife of Sandbox co-founder Sebastien Borget was targeted in a kidnapping attempt as France logs over 41 crypto kidnappings in 2026.
Zcash Foundation Q1 operating expenses came in at about $817,000, with team compensation as the largest category.
BTCFi protocol Echo was exploited, with the attacker minting 1,000 eBTC on Monad and using it as collateral to borrow WBTC.
The CFTC filed an enforcement action against Rathnakishore Giri in August 2022 for running the fraudulent investment scheme.
Peckshield flagged that the Verus-Ethereum bridge has been drained for 103.6 tBTC, 1,625 ETH, and 147,000 USDC.
THORChain halted trading after security researchers flagged a suspected exploit spanning Bitcoin, Ethereum, BNB Smart Chain and Base.
CertiK says DeFi attackers are increasingly targeting operational security and supply-chain weaknesses instead of smart contract bugs.
T3 FCU says it has now frozen over $450 million in illicit crypto assets, reporting a 43.9% annual increase in intercepted proceeds.
The NYSE-listed crypto infrastructure firm generated $3.8 billion in revenue in the first quarter, up 112.6% year-on-year.