The crypto industry’s biggest legislative moment arrives Thursday, and Galaxy Research says there’s only a 25% chance enough Democrats will break ranks to give the bill a real shot at becoming law.
Thursday Vote Could Decide Crypto’s Fate Through 2027
Coinbase Global Inc. (NASDAQ:COIN) and Robinhood Markets Inc. (NASDAQ:HOOD) shareholders face a critical test as the markup hearing could determine whether crypto gets federal regulatory clarity in 2025—or waits until 2027 or beyond.
Galaxy Research analyst Alex Thorne laid out three scenarios with dramatically different outcomes for crypto stocks.
Scenario 1: Bipartisan Win (25% probability) All Republicans plus two to four Democrats vote yes, advancing the bill to the Senate floor with momentum. This mirrors the stablecoin bill’s path last July, which got 68 votes—a veto-proof majority.
Scenario 2: Partisan Advance (50% probability) Republicans push it through …