Momentum around the U.S. CLARITY Act remains uncertain, but Galaxy Digital CEO Mike Novogratz says the long-delayed bill could move forward in May and potentially become law by June.
Speaking with Anthony Scaramucci,Novogratz maintained a positive tone despite recent setbacks. “So this is going to get done. It will probably get done in May,” he said, adding that the legislation is “wildly important” for both political parties and the broader crypto market.
Delays Raise Doubts, Timeline Tightens
The update follows a slow week in Washington, where the Senate Banking Committee failed to schedule a key markup hearing. Expectations that the bill would move in April have now shifted to May.
Even within Galaxy Digital, uncertainty remains. Head of research Alex Thorn puts the odds of passage in 2026 at around 50%. He warned, “If markup slips past mid-May, odds will drop sharply.”
Senator Cynthia Lummis also pointed to a narrowing window, stating, “This is our last chance to pass the Clarity Act until at least 2030.”
Why the Bill Matters
The CLARITY Act aims to create a clear regulatory framework for digital assets in the U.S., something the industry has long pushed for.
“There are eight and a half billion people… probably five and a half billion don’t have access to our financial products,” Novogratz said, adding that crypto could connect global users to the U.S. economy through mobile wallets.
He also pointed to tokenization, suggesting firms like Google and SpaceX could eventually be offered as digital assets to investors worldwide.
Market Forces Add Urgency
Novogratz also noted the tightening of the Bitcoin supply. Michael Saylor-backed Strategy recently bought over 34,000 BTC in a single week, far exceeding the roughly 6,300 BTC mined weekly.
This imbalance, combined with long-term holders holding their positions, is increasing pressure on supply and driving institutional interest.
Despite bipartisan backing, disagreements, especially around stablecoin yields, continue to slow progress. For now, May remains the key window. If lawmakers fail to act soon, the CLARITY Act could face further delays.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
