Congress Races Against Clock to Pass CLARITY Act Amid Industry Hurdles

The US Congress is facing a tight deadline to pass the CLARITY Act, which aims to provide clarity on cryptocurrency regulations.

With a nine-week timeframe to finalize the legislation and deliver it to President Trump for his signature, lawmakers must act quickly before the legislative slowdown expected before the November midterm elections.

Alex Thorn, Head of Research at Galaxy Digital, highlighted potential challenges for the legislation during an interview, noting that internal disputes over specific restrictions could hinder its ultimate progress. Thorn also mentioned that resolving these disputes would likely lead to a successful bipartisan vote in the Senate.