The U.S. CLARITY bill is highly unlikely to pass in 2026 if it does not make progress by April, Cointelegraph reported on Saturday.

Alex Thorn (알렉스 손), head of research at Galaxy Digital, said on X, formerly Twitter, that there was almost no chance the bill would pass if it was not discussed in the Senate by the end of April. U.S. Senate Majority Leader John Thune said there would be no discussion of a digital asset market structure bill by April. Instead, the SAVE America Act, a law to prove U.S. citizenship, will be handled first.

A key issue in the CLARITY bill is that stablecoin rewards could disrupt the existing financial system. The crypto and banking industries disagree on the issue, and Thorn warned that even if the stablecoin dispute is resolved, issues such as decentralised finance, developer protections and regulatory authority could pose additional hurdles. Democratic Senator Angela Alsobrooks (안젤라 알소브룩스) of the Senate Banking Committee mentioned the possibility of a compromise, saying both the crypto and banking industries needed to make some concessions.

Some lawmakers expect the bill to pass in April. Pro-crypto Senator Bernie Moreno (버니 모레노) was optimistic, saying the CLARITY bill could pass Congress by April. But investment bank TD Cowen warned that if Democrats delay the bill and take control of Congress after the midterm elections, legislation could be difficult until 2027.