CLARITY Act 2026 odds 'extremely low' if not passed by April

Galaxy Digital head of firmwide research Alex Thorn said in an X post on Saturday, "If CLARITY doesn't pass committee by the end of April, odds of passage in 2026 become extremely low." He added, "This needs to hit the Senate floor by early May... floor time is running out, and odds diminish every day that passes." Senate Majority Leader John Thune said he doesn’t expect the chamber to act on the digital asset market structure legislation before April, noting it will prioritize the SAVE America Act, which would require voters to provide proof of US citizenship in person to register.

Thorn identified a debate over whether stablecoin rewards would disrupt the traditional banking system as the main perceived holdup, saying the issue has split the banking and crypto industry. "It's very possible that rewards are not the 'final' hurdle but instead just the current hill the bill is dying on," he said, pointing to potential issues around DeFi, developer protections, and regulatory authority.

United States

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