US CLARITY Act May Timeline Boosts Expectations for Crypto Regulatory Clarity

The US CLARITY Act is increasingly viewed as a major step toward regulatory certainty for the digital asset sector, with industry leaders predicting movement as early as May. Galaxy Digital CEO Mike Novogratz said during a podcast conversation with Anthony Scaramucci that the bill is likely to reach committee review in the first week of May, with a possible signing expected in June. He emphasized that the legislation carries strong bipartisan importance and could restore confidence among companies that previously scaled back US operations due to unclear regulations.

The bill already passed the House in July 2025 with support from both major parties, but delays in the Senate Banking Committee have slowed progress in recent months.

Tokenization Opportunities and Global Market Access Potential

Supporters believe the CLARITY Act could transform financial access by enabling companies such as SpaceX and Google to be tokenized and offered to investors worldwide. Novogratz noted that roughly 5.5 billion people currently lack access to US financial products, but mobile-based crypto wallets could allow broader participation in the American economy.

Industry Disputes and Legislative Risks Remain

Disagreements between traditional banks and crypto firms, particularly regarding stablecoin yields and their impact on bank competitiveness, remain a key obstacle. Senator Cynthia Lummis warned that missing the current window could delay reform efforts until at least 2030. Meanwhile, Galaxy Digital research head Alex Thorn estimates the bill’s chances of passing in 2026 at about 50%, noting that delays beyond mid-May could sharply reduce the likelihood of approval.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.