US Senate · CLARITY Act · White House · U.S. Treasury · Bitcoinist
‘Now Or Never’ For Crypto Clarity, CEO Cautions Ahead Of Key June Push
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That’s all the time left in June for the US Senate to move on the CLARITY Act before lawmakers head into recess, and the crypto industry is watching the clock.
Key facts
- The CLARITY Act, a market structure bill that cleared the Senate Banking Committee with a 15-9 bipartisan vote, now has to compete for floor time against reconciliation talks, FISA matters
- Reports indicate she told lawmakers that the next realistic opening for crypto asset legislation is likely 2030
- Galaxy Digital CEO Mike Novogratz put the situation plainly — She has tied the bill to US President Donald Trump’s broader posture on crypto, urging colleagues to deliver it to his desk
Summary
Senate Majority Leader John Thune confirmed that the chamber’s reconciliation package would not be completed this month, forcing senators to return in June with a packed agenda. The CLARITY Act, a market structure bill that cleared the Senate Banking Committee with a 15-9 bipartisan vote, now has to compete for floor time against reconciliation talks, FISA matters, and a housing package already passed by the House. Galaxy Digital CEO Mike Novogratz put the situation plainly. Treasury Secretary Scott Bessent has also pushed both the Senate and House to move on the bill.