The CLARITY Act in the U.S. is under pressure as deadlines approach. According to an executive in the crypto sector, unless it is advanced by the end of April, its chances of being enacted this year are minimal.

“If CLARITY doesn’t pass committee by the end of April, odds of passage in 2026 become extremely low,” Alex Thorn from Galaxy Digital stated on social media.
(Translation: “如果CLARITY法案在四月底之前没有通过委员会审议，那么2026年通过的机会非常低。”)

He emphasized the urgency of moving it to the Senate floor soon. Meanwhile, U.S. Senate Majority Leader John Thune has indicated that priority will be given to other legislative matters before the CLARITY Act.

Debate on Stablecoin Rewards Could Uncover Further Challenges

Thorn articulated concerns that the discussions around stablecoin rewards may not be the final challenge for the CLARITY Act, hinting at possible future complexities.

“It’s very possible that rewards are not the ‘final’ hurdle but instead just the current hill the bill is dying on,” he noted.
(Translation: “很可能，奖励并不是最后的障碍，而只是法案目前面临的障碍。”)

U.S. Senator Angela Alsobrooks indicated that both the crypto and banking sectors must be willing to compromise to proceed with the legislation.

Potential Delays into 2029

Despite some optimism, warnings persist that the Act may not be enacted until much later. Investment bank TD Cowen suggested that if Democrats manage to delay the bill, the legislation may not see light until 2029.

Former President Donald Trump criticized banks for impeding progress on the crypto bill, emphasizing the need for timely legislation.