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Crypto

Galaxy Digital CEO says U.S. CLARITY Act likely to pass by June

U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.

Crypto

Clarity bill faces new ethical clause sticking point in U.S. Senate

A U.S. cryptocurrency regulatory proposal known as the Clarity bill may face renewed resistance in the Senate as disagreements emerge over an ethics provision. Republican Senator Thom Tillis, a key negotiator on the Senate Banking Committee, said he would oppose the bill if it does not include ethics language. Analysts said the provision could affect businesses tied to President Donald Trump’s family, complicating talks ahead of expected Senate debate resuming after May.

Crypto

U.S. CLARITY Act stalls for a month as Senate talks lag

Public debate on the U.S. crypto market structure bill known as the CLARITY Act has shown no progress for a month, narrowing the window for passage before elections. CoinDesk reported the bill is unlikely to be handled within April and that Congress has limited time left. The industry is pressing for a Senate Banking Committee markup hearing, but timing, unresolved issues including stablecoin yield, and other congressional priorities may push the bill down the agenda.