Mike Novogratz, CEO of Galaxy Digital, said the US Clarity Act could move forward in May, giving the cryptocurrency industry a clear path under federal rules.
summary
- Mike Novogratz said the Clarity Act could reach committee in early May before being signed into law in June.
- The bill seeks to set clearer rules for cryptocurrencies after delays related to stablecoin returns and banking concerns.
- Alex Thorne gave the odds of the bill passing at 50% in 2026 amid uncertainty over the timeline now.
The bill seeks to define how digital assets will operate in the United States.
Novogratz made comments During a podcast with SkyBridge Capital founder Anthony Scaramucci. He said the bill could reach committee in early May and could reach President Donald Trump’s desk in June.
“So this will get done,” Novogratz said. “It will probably be done in May.”
The CLARITY law remains the key to cryptographic rules
The US Clarity Act aims to establish clearer rules for cryptocurrency companies, exchanges, crypto issuers, and investors. The bill has received close attention because many cryptocurrency companies want a single national framework rather than scattered agency procedures.
Novogratz said both Republicans and Democrats have reasons to support the bill. He said that clearer regulation of cryptocurrencies could help the United States maintain financial innovation within the country.
“It’s very important that this gets done for both Democrats and Republicans,” he said.
Novogratz also said that the CLARITY Act could help more people access US financial products through cryptocurrency wallets. He said many people around the world are still unable to participate in the American economy through normal financial channels.
He said the token could allow stocks or assets tied to major companies to reach more global users. He mentioned companies like SpaceX and Google as examples of companies that could be symbolic and sold to users outside the United States.
“There are eight and a half billion people, maybe five and a half billion, who don’t have access to our financial products,” Novogratz said.
Industry doubts remain about the timeline
The bill’s progress did not match previous market expectations. Many cryptocurrency participants expected quicker action yet The law of clarity It passed the House of Representatives in July 2025 with bipartisan support.
However, disputes between banks and cryptocurrency companies have slowed down the process. One area of concern is stablecoin yields, with banks warning that high-yielding stablecoins could put pressure on deposits.
Senator Cynthia Lummis to caution On April 10, lawmakers may have a limited time to pass the bill. “This is our last chance to pass the Clarity Act until at least 2030,” she said in a post on X.
Alex Thorne, head of corporate research at Galaxy Digital, also expressed caution. he He said He gives the Clarity Act a 50% chance of passing in 2026, adding that delaying beyond mid-May could dampen the bill’s chances.
