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>>Galaxy executive warns the CLARITY Act has little chance of passing in 2026 without action from the April committee.

Galaxy executive warns the CLARITY Act has little chance of passing in 2026 without action from the April committee.

crypthub

about 2 hours ago

Legislative Timeline and Committee Hurdle

The US CLARITY Act, intended to set clear rules for digital‑asset markets, faces a tight schedule. It must clear a Senate committee by late April and reach the floor by early May to stay viable for 2026. Competing priorities, such as the SAVE America Act, are compressing the window, according to Galaxy Digital’s Alex Thorn.

Policy Disagreements Impacting Passage

A key dispute centers on whether stable‑coin issuers may distribute yield, with banks warning of deposit loss and crypto firms stressing enhanced utility. Additional uncertainties involve DeFi protections, developer liability, and how oversight is divided among regulators. Senate Banking Committee member Angela Alsobrooks says both sides will likely need to concede.

Projected Delays and Political Context

TD Cowen warns that comprehensive market‑structure legislation could be delayed to 2027 and not take effect until 2029 if gridlock persists. Industry leaders remain hopeful that bipartisan momentum will still carry the bill through 2026, while the White House and former President Trump have urged rapid action. The final outcome may be shaped by the 2024 election and subsequent policy shifts.