Galaxy Executive Urges CLARITY Act to Clear Senate Committee by End of April
Galaxy Digital’s head of firmwide research warned the CLARITY Act must clear a Senate committee by the end of April or face extremely low passage odds in 2026. Debate over stablecoin yield provisions and unresolved regulatory authority questions presents significant legislative hurdles.
1. Urgent Timeline for CLARITY Act
Galaxy Digital’s research chief highlighted that the CLARITY Act must pass a Senate committee by April’s end to maintain any chance of passage in 2026. He noted the measure would then need to reach the Senate floor by early May to sustain momentum.
2. Major Policy Disputes
Key contention centers on whether stablecoin issuers can distribute yields or rewards, with banking groups warning of deposit flight and crypto firms arguing for payment utility. Additional debates over decentralized finance protections and agency jurisdiction remain unresolved.
3. Congressional Priorities and Outlook
Competing legislative agendas, including the SAVE America Act, are drawing Senate attention away from crypto market structure reform. Lawmakers recognize compromise will be essential to advance the CLARITY Act before year-end deadlines.