Mike Novogratz: The 《CLARITY Act》 was submitted to the committee for review in May, with an estimated approval rate of 50%

Galaxy Digital CEO Mike Novogratz said in a podcast released on YouTube on April 25 that the U.S. “CLARITY Act” will be submitted to a Senate committee for review in the first week of May, and that Trump is expected to complete the signing in June. Galaxy Digital’s research chief Alex Thorn assessed the bill’s probability of passage in 2026 at 50%.

Novogratz’s Legislative Timeline Statement

According to Cointelegraph’s April 26 report, in a podcast appearance, Novogratz told Anthony Scaramucci, founder of SkyBridge Capital: “So this thing will definitely get done. Maybe it’ll be done by May. I estimate that it’ll be submitted to the committee in the first week of May, and then, shortly after that, Trump will sign this document in June.”

In the same podcast, Novogratz added that completing the legislation is “crucial for both Democrats and Republicans.” He also stated that once the “CLARITY Act” is passed, it would allow large companies such as SpaceX and Google to open access to tokenized formats for users worldwide, and said that of the world’s population of 8.5 billion, around 5.5 billion people currently cannot access U.S. financial products.

The Senate Does Not Schedule a Hearing as Planned; Industry Views Differ

According to Cointelegraph, the U.S. Senate Banking Committee (SBC) did not schedule a review hearing for the “CLARITY Act” on April 25 (Friday) as the industry had expected.

Galaxy Digital research chief Alex Thorn said on X on April 23 that he assessed the probability of passage in 2026 at 50%, and in a research report the same day wrote: “If the review is delayed until after mid-May, the probability of passage will drop significantly.”

U.S. Senator Cynthia Lummis posted on X on April 10, 2026: “This is our last chance to pass the ‘Clear Act’ before 2030. We can’t give up on America’s financial future.”

Legislative Progress and Current Main Controversies

According to Cointelegraph, the “CLARITY Act” passed the U.S. House of Representatives with bipartisan support in July 2025. Since then, the legislative process has slowed down, with the main controversy focused on the tension between the banking industry and the cryptocurrency industry, and the core disagreement being whether the stablecoin yield mechanism would weaken the competitive position of traditional banks.

Frequently Asked Questions

What specific timeline statements did Mike Novogratz make about the “CLARITY Act”?

According to Cointelegraph’s April 26, 2026 report, in a Friday podcast appearance, Novogratz said the bill could be submitted to a Senate committee for review in the first week of May, and that he expected Trump to complete the signing in June, emphasizing that this “is crucial for both Democrats and Republicans.”

How does Alex Thorn assess the probability of the “CLARITY Act” being passed?

According to Cointelegraph, Galaxy Digital research chief Alex Thorn said on X on April 23 that he assessed the probability of the bill being passed in 2026 at 50%, and in a research report stated that if the review is delayed until after mid-May, the probability of passage would drop significantly.

At what stage is the “CLARITY Act”’s current legislative process?

According to Cointelegraph, the “CLARITY Act” passed the U.S. House of Representatives in July 2025 and is currently awaiting the Senate Banking Committee to schedule a review hearing. The Senate Banking Committee did not schedule a hearing as planned on April 25, and the legislative process has continued to slow down due to ongoing stablecoin yield disputes between the banking and crypto industries.