A forecast has emerged that the U.S. cryptocurrency regulation bill CLARITY could be enacted into law as early as June.

On April 27 local time, blockchain media outlet Cryptopolitan reported that Mike Novogratz (마이크 노보그라츠), CEO of financial services firm Galaxy Digital, said the bill could be finalized in May and then move to a signing stage in June.

Novogratz offered a relatively narrow timeline for the legislation in a podcast with Anthony Scaramucci. He said the CLARITY bill could reach the committee stage in early May and then head to a presidential signing process. As the U.S. Congress continues debating key provisions for digital asset regulation, the pace of the bill has again become a market focus.

The CLARITY bill contains measures to set operating standards for digital assets in the United States. It aims to establish a national regulatory framework for exchanges, token issuers and investors, and to divide supervisory authority by classifying some assets as securities and others as commodities depending on their characteristics.

Bipartisan momentum in politics is cited as a factor supporting the bill's chances. Novogratz said both Republicans and Democrats have reasons to support clearer cryptocurrency rules. He explained that lawmakers see regulatory clarity as a way to keep financial innovation within the U.S. market.

Still, the legislative process is slower than initially expected. The CLARITY bill passed the House in July 2025 in a bipartisan vote without difficulty, but it has since failed to gain speed in the Senate. Some provisions related to stablecoin regulation remain in dispute.

Opposition from banks is also slowing negotiations. Banks are concerned that stablecoins offering interest income could affect deposits. The issue led to further negotiations, pushing back the timing of a deal by that much.

Time pressure is also growing. In an April 10 statement, Senator Cynthia Lummis warned that if the bill does not move forward quickly, the next chance to bring it to the floor could be in 2030. Alex Thorn (알렉스 손), head of research at Galaxy Digital, also put the chances of the bill passing this year at 50 percent in an earlier outlook. He argued that the probability could fall further if it goes past mid-May.

Moves of political support have also been confirmed. U.S. President Donald Trump reaffirmed his support for the CLARITY bill at a closed-door event at Mar-a-Lago. He said the banking sector should not dictate the direction of cryptocurrency legislation, drawing a line against the exercise of influence by traditional finance.

The CLARITY bill debate is drawing attention as an attempt to reorganize the supervisory system by dividing digital assets into securities and commodities. With forecasts that the longer the timing is delayed, the lower the chances of passage could become, the congressional schedule in the coming weeks is expected to be a key variable.