CLARITY Act 2026 odds 'extremely low' if not passed before April: Exec

While many in the industry believe stablecoin rewards are the only sticking point for the US CLARITY Act, a crypto executive said more obstacles could appear.

The US CLARITY Act, which aims to bring greater regulatory clarity to the crypto industry, may have little chance of passing this year if it doesn’t move forward within the next seven weeks, according to a crypto executive.

“If CLARITY doesn't pass committee by the end of April, odds of passage in 2026 become extremely low,” Galaxy Digital head of firmwide research Alex Thorn said in an X post on Saturday.

“This needs to hit the Senate floor by early May.. floor time is running out, and odds diminish every day that passes,” Thorn said. It comes after US Senate Majority Leader John Thune said he doesn’t expect the chamber to act on the digital asset market structure legislation before April, as it will prioritize the SAVE America Act, which would require voters to provide proof of US citizenship in person to register.

Stablecoin rewards debate may not be the last hurdle

Thorn said the main perceived holdup for the CLARITY Act is the debate over whether stablecoin rewards will disrupt the traditional banking system - which has split the banking and crypto industry - but warned that more issues could surface after that debate is settled.

“It's very possible that rewards are not the 'final' hurdle but instead just the current hill the bill is dying on,” Thorn said, pointing to potential issues around DeFi, developer protections, and regulatory authority.