TechFlow News: On May 16, Alex Thorn, Head of Research at Galaxy, posted on X stating that the U.S. Senate Banking Committee voted 15–9 this week to advance the CLARITY Act to a full Senate vote. With time running short—approximately nine weeks remain—the projected timeline for subsequent progress is as follows:
June 1: Begin reconciling the Senate Banking Committee’s and Agriculture Committee’s versions of the bill;
June 15: Full Senate debate begins;
June 22: The Senate may complete its final vote;
July 13: Senate–House reconciliation completed;
Early August: President Trump signs the bill into law (assuming on-schedule progress).
Alex Thorn analyzed that Democrats are focusing heavily on the “ethics provision,” which would restrict senior officials and their family members from holding or profiting from digital assets. Meanwhile, negotiations continue on the Decentralized Finance Regulation and Blockchain Regulatory Certainty Act (BRCA). The CLARITY Act will lay the groundwork for innovation in the U.S. digital asset market and investor protection.
