CLARITY Act could become law by June, says Mike Novogratz

The CLARITY Act could move from legislative debate to law within weeks, according to Galaxy Digital CEO Mike Novogratz, who said the bill may be finalized in May and signed by June.

His remarks, delivered during a podcast with Anthony Scaramucci, outline a narrow timeline as U.S. lawmakers continue to debate core provisions tied to digital asset regulation. While support exists across political lines, delays tied to unresolved issues still place the outcome in question. Novogratz stated that the bill could reach committee in early May before advancing toward the president’s desk.

CLARITY Act timeline and legislative push

The CLARITY Act aims to define how digital assets operate within the United States. It seeks to establish a national framework covering exchanges, token issuers, and investors. The bill also proposes dividing oversight responsibilities between regulators, assigning some assets to securities rules while classifying others as commodities.

Novogratz said bipartisan incentives could support passage. He noted that both Republicans and Democrats have reasons to back clearer crypto rules. According to his comments, lawmakers see regulatory clarity as a way to retain financial innovation within U.S. markets.

Despite earlier expectations, the CLARITY Act has not advanced as quickly as some market participants anticipated. The bill sailed through the House on a bipartisan vote in July 2025, but has since slowed in the Senate. Several provisions are still being debated by lawmakers, especially those related to the regulation of stablecoins.

In addition, banks have raised their concerns regarding yield-bearing stablecoins. According to them, the assets have the potential to affect bank deposits. This has contributed to further negotiations, which have delayed an agreement.

Cynthia Lummis remarked that the clock might be running. She said in a statement on April 10 that the next chance to place the legislation on the floor could be 2030 if it does not move forward soon. In addition, according to an earlier Cryptopolitan report, Galaxy Digital’s head of research, Alex Thorn, estimated a 50% probability of passage in 2026, adding that delays beyond mid-May could reduce those chances.

Political backing contrasts with slow movement

Support for the CLARITY Act has also surfaced in political settings. Donald Trump reiterated his backing during a private event at Mar-a-Lago. He stated that banks should not determine the direction of crypto legislation, signaling opposition to industry pressure from traditional finance.

In addition, Trump’s statement aligns him with the top crypto advocates, indicating the White House’s key position in championing innovation. Moreover, the commitment to advancing the Clarity Act represents an essential step toward enhancing investor protection and regulatory confidence.

According to Crypto Rover X post, Donald Trump’s assurance to advance the Clarity Act is key to the expansion of the crypto market. This assertion dispels the concern about traditional banking lobby groups seeking to halt crypto development. On the whole, this statement gives hope to the crypto community, with the coming months being crucial to determining whether the United States can achieve a balance between control and innovation.