Galaxy CEO Says Trump Could Sign CLARITY ACT in June

• Novogratz predicted the CLARITY ACT to go to the Senate committee in the first week of May.
• Galaxy research head Alex Thorn gives the bill just 50/50 odds of passing in 2026.
• French Hill says many stablecoin and DeFi issues were already resolved in the House version.

Galaxy Digital chief executive Mike Novogratz is putting a specific timeline on one of crypto’s most anticipated pieces of legislation. Speaking on a podcast with SkyBridge Capital founder Anthony Scaramucci, Novogratz said the CLARITY ACT will likely go to committee in the first week of May and could land on President Trump’s desk for signing as early as June.

“So this is going to get done. It probably gets done in May. I would say the first week of May is when it goes to the committee, and then soon after, Trump will be signing this thing in June,” Novogratz said.

He called the legislation important for both political parties, framing it not as a crypto industry wish list but as a bipartisan priority with broad economic implications. The bill, if passed, would allow large institutions such as SpaceX and Google to be tokenized and sold to investors around the world, opening access to assets that have historically been out of reach for ordinary people globally.

A Disappointing Week Before 

Novogratz’s confident timeline follows a frustrating week for the industry. The Senate Banking Committee failed to schedule a markup hearing by Friday, a milestone many had expected to arrive before the weekend. The absence of any scheduling announcement has pushed realistic timelines firmly into May.

Galaxy’s own head of research, Alex Thorn, is more careful than his boss. Thorn puts the odds of CLARITY ACT passage in 2026 at around 50%, and has warned that if the bill fails to advance past markup by mid-May, those odds will drop sharply.

Signals From the Hill

House Financial Services Chair French Hill added weight to the May timeline on Friday, saying that many of the outstanding issues around stablecoin sales practices and DeFi provisions were already resolved in the House version of the bill. Hill said the Senate has been leaning heavily on work already done in the House, which could accelerate the remaining steps.

Separately, analyst Gordon reported that sources close to the process have hinted that significant news on the CLARITY ACT could arrive as early as next week, with attention pointing toward the White House in the coming days.

Trump himself addressed top meme coin holders at a recent event, speaking broadly about the crypto industry and confirming he wants the bill passed and would sign it immediately. Attendees said he did not offer specific new details on timing, but his public commitment to signing remains on the table as the May window approaches.

Related: Trump Says He Has ‘Obligation’ to Support Crypto Industry