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Galaxy Research Director: The CLARITY Act is progressing under tight time constraints, and it may be submitted for Trump's signature to become law as early as August.
Deep Tide TechFlow News, May 16th, Galaxy Research Director Alex Thorn posted on the X platform that the U.S. Senate Banking Committee has voted 15-9 this week to pass the CLARITY Act, pushing the bill into the full Senate for a vote. Currently, time is tight, with about nine weeks remaining, and the subsequent schedule may be:
June 1: Begin coordinating the bill versions between the Senate Banking Committee and the Agriculture Committee;
June 15: Full Senate begins debate;
June 22: The Senate may complete the final vote;
July 13: Coordination between the Senate and House of Representatives is completed;
Early August: President Trump signs it into law (if the plan proceeds as scheduled).
Alex Thorn’s analysis suggests that the Democratic Party is focusing on “ethical clauses” aimed at restricting digital asset holdings and profits of senior officials and their family members, while DeFi regulation and blockchain regulatory certainty bills (BRCA) are still under negotiation. The CLARITY Act will lay the foundation for innovation in the U.S. digital asset market and investor protection.