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- Clarity Act heads to Senate committee in early May, with June signing timeline discussed.
- Tokenization push may open US markets to global investors via crypto wallets.
- Senate delays and stablecoin yield dispute weigh on Clarity Act passage odds.
The US Clarity Act is expected to move to a Senate committee stage in early May, according to Galaxy Digital CEO Mike Novogratz. The bill targets clearer crypto rules in the United States. Industry participants are tracking the timeline closely.
Novogratz shared the update during a podcast with Anthony Scaramucci. He said the bill could reach committee in the first week of May. He added that final approval may follow, with Donald Trump expected to sign it in June if the process holds.
Clarity Act Gains Bipartisan Focus Amid Delay
He termed the bill significant to both the Republicans and the Democrats. His comments followed the failure of the Senate Banking Committee to schedule a markup hearing by Friday. That move had been anticipated by many in the crypto sector in the week.
Novogratz mentioned that the Clarity Act has a possibility of tokenizing big companies. He called such companies as SpaceX and Google. He explained that blockchain systems could provide global investors with such assets.
Mike also highlighted access to financial products. He stated that there are billions of people who lack access to US markets. He further mentioned that crypto wallets in mobile phones would allow the inclusion of such countries as Bhutan, Botswana, Bolivia, and Paraguay.
The bill is viewed as a possible catalyst to crypto and wider innovation. Several companies have already exited the United States as a result of regulatory pressure. Players in the market see the legislation as a move towards a better operating environment.
Also Read: TRUMP Memecoin Drops Despite Exclusive Investor Event at Mar-a-Lago
Senate Delays Slow Clarity Act After House Approval
In July 2025, the Clarity Act was passed in the House on a bipartisan basis. It was widely believed that it would pass Congress earlier this year. But there have been disagreements that have hindered the pace in the Senate.
One of the main concerns is the yields of stablecoins. Other banking groups fear that this may lower their competitiveness because of such yields. This has been an issue that has led to postponements in the scheduling of the markup hearing.
On April 10, Cynthia Lummis cautioned that the time to pass the bill might be running out. According to her, the present time might be the final opportunity to pass the Clarity Act before 2030. Her statement increased urgency around the timeline.
There are certain industry players who are still skeptical of the result. Alex Thorn estimated a 50% chance of passage in 2026. He anticipated a markup hearing during the final week of April, which did not happen.
Thorn said that in case the markup slips past mid-May, there might be a sharp drop in the chances of passage. The absence of a definite schedule has brought an element of uncertainty. Developments surrounding the Clarity Act are still monitored by lawmakers and industry groups.
Also Read: Clarity Act Gains Momentum as U.S. Policy Direction Drives Crypto Consensus
