Mike Novogratz, CEO of Galaxy Digital, has projected that the CLARITY Act, a significant cryptocurrency regulatory bill, will be signed into law by June 2025. During a podcast interview with Anthony Scaramucci, Novogratz outlined a timeline where the bill could enter committee in early May and be submitted to the president for signature the following month. The CLARITY Act aims to establish a comprehensive regulatory framework for digital assets in the U.S., addressing exchanges, token issuers, and investor protections. Despite bipartisan support, the legislative process has faced delays, particularly in the Senate, where disputes over stablecoin regulations have stalled progress. The bill had previously passed the House of Representatives, but concerns from banks about yield-bearing stablecoins impacting traditional deposits have led to further negotiations. Senator Cynthia Lummis has warned that if the bill is not passed soon, the next opportunity may not arise until 2030. Galaxy Digital's Research Director, Alex Thorn, estimates a 50% chance of the bill passing in 2026, with odds decreasing if delays continue beyond mid-May.