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Galaxy CEO Mike Novogratz Says CLARITY Act Could Become Law by June

The comment comes as the U.S. Senate is preparing for a May vote, even as disagreements over stablecoin rules remain unresolved.

Summary

Galaxy chief executive Mike Novogratz said the CLARITY Act could become law by June, according to the source, pointing to a potentially fast-moving U.S. crypto policy timeline. The update also says the U.S. Senate is preparing for a May vote despite ongoing disputes over stablecoin rules. If advanced, the legislation would be part of a broader push to set clearer rules for digital assets, while stablecoin oversight remains a key area of debate in U.S. crypto regulation.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being linked to a fiat currency such as the U.S. dollar.
  • CLARITY Act: A proposed U.S. crypto market structure bill intended to clarify how digital assets are regulated and which agencies oversee them.
  • Market structure: The regulatory framework that defines how trading venues, assets, and intermediaries operate within financial markets.