Galaxy Research Director: The CLARITY Act is on a tight schedule and may be sent to Trump for signing into law as early as August

Galaxy Research Director Alex Thorn posted on the X platform that the U.S. Senate Banking Committee has voted 15-9 this week to advance the CLARITY Act to the full Senate voting stage, with time running short, and it is expected to take about nine weeks.

The subsequent timeline may be: June 1: Begin coordinating the bill versions between the Senate Banking Committee and the Agriculture Committee; June 15: Full Senate begins debate; June 22: The Senate may complete the final vote; July 13: Coordination between the Senate and the House of Representatives is completed; early August: President Trump signs it into law (if it proceeds as planned).

Alex Thorn's analysis suggests that the Democrats are focusing on "ethical provisions" aimed at limiting the digital asset holdings and profits of senior officials and their family members, while DeFi regulation and the Blockchain Regulatory Certainty Act (BRCA) are still under negotiation. The CLARITY Act will lay the foundation for innovation in the U.S. digital asset market and investor protection.