CLARITY Act is showing some signs of progress, but Galaxy Research believes the path to passage in 2026 remains narrow.
📌 Galaxy Research views the temporary agreement on stablecoin rewards between several U.S. senators and the White House as a meaningful step forward, because it helps ease one of the biggest bottlenecks that has kept the CLARITY Act stalled in the Senate.
⚠️ Even so, Alex Thorn noted that this is only one part of the broader issue. Disputes over DeFi, protections for non-custodial developers, the scope of SEC authority, and ethics-related concerns could still slow the bill’s progress.
⏱️ The key deadline now is the end of April 2026. If the bill does not clear the Senate Banking Committee before then, the odds of a full Senate vote this year could fall sharply as the congressional calendar becomes more crowded.
💡 For the crypto market, this is a constructive signal, but not enough to confirm a legal turning point yet. Expectations have improved, though the main stance is still to wait for concrete progress from the Senate.