Galaxy Digital CEO Mike Novogratz expects the U.S. CLARITY Act to be finalized in May and signed into law as early as June — a timeline that would deliver long-awaited regulatory structure to the crypto industry and open U.S.-built platforms to a broader global user base.
Galaxy's head of research Alex Thorn puts the odds of passage in 2026 at roughly 50%, but cautions that momentum is critical: if the bill fails to advance by mid-May, those odds could fall sharply.
The CLARITY Act is widely seen as one of the most consequential pieces of crypto legislation in the current congressional cycle, aiming to draw clearer lines between securities and commodities in digital asset markets.
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Mike Novogratz: U.S. CLARITY Act Could Advance in May
Galaxy Digital CEO Mike Novogratz said the U.S. CLARITY Act will likely be finalized in May and could be signed into law by June, providing clearer regulatory frameworks for the crypto industry and opening access to global users. Galaxy’s head of research Alex Thorn estimates a 50% chance of passage in 2026, warning odds may drop if the bill fails to advance by mid-May.
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