Summary
- Mike Novogratz said the CLARITY Act could be finalized in May and signed in June.
- He said the bill could provide a clearer regulatory framework for the crypto market and broaden access for global investors.
- Alex Thorn estimated the chances of the bill passing by 2026 at about 50%% and said those odds could fall if the legislative process does not advance by mid-May.
Forecast Trend Report by Period
The CLARITY Act, a US crypto market structure bill, could make progress in May, according to comments cited by Wu Blockchain on April 26.
Galaxy Digital Chief Executive Officer Mike Novogratz said the bill could be finalized in May and signed in June.
He said the measure could provide a clearer regulatory framework for the crypto market and broaden access for global investors.
Uncertainty over passage remains. Alex Thorn, Galaxy Digital's head of research, estimated the odds of the bill passing by 2026 at about 50%.
Those odds could fall further if the legislative process fails to advance by mid-May, he added.
The market sees debate on the bill gaining momentum if key sticking points, including the issue of stablecoin rewards, are at least partly resolved. Still, delays remain possible depending on the political calendar and further negotiations.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
