Galaxy Digital founder Mike Novogratz has indicated that the U.S. crypto regulatory bill, the CLARITY Act, is expected to advance in May and could be signed into law by the President in June. This legislation aims to provide a clearer regulatory framework for the crypto industry, potentially opening the U.S. market to global users. However, Galaxy Digital's Head of Research, Alex Thorn, estimates a 50% chance of the bill passing by 2026. Thorn cautions that if the bill does not enter critical processes by mid-May, its likelihood of success may significantly decrease.
Galaxy Digital's Novogratz Anticipates CLARITY Act Progress in May
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