ChainThink reports that on March 15, Alex Thorn, Head of Research at Galaxy Research, stated that if the U.S. cryptocurrency regulatory bill, the CLARITY Act, fails to advance through the Senate committee by the end of April, its chances of passing in 2026 will significantly decrease, as the bill must enter the full Senate agenda for a vote by early May. The current controversy surrounding stablecoin rewards is considered the primary obstacle, but Thorn noted that even if this issue is resolved through compromise, other disputes may still arise regarding DeFi, developer protections, SEC authority, and ethical concerns.
Galaxy Research Director Warns CLARITY Act Faces Dim Prospects If Not Passed by April
ChainthinkShare
Summary
Galaxy Research director Alex Thorn said the CLARITY Act’s prospects look bleak unless it passes the Senate Committee by late April. Thorn stated that the bill must reach the full Senate by early May to remain on track for passage in 2026. Stablecoin regulation remains a key point of contention, with Thorn highlighting unresolved debates over CFTC compliance, DeFi frameworks, and SEC oversight. Even if stablecoin rewards are resolved, other issues such as developer protections and ethical considerations could still delay the bill.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.