Crypto Gloom

Senator Moreno says the CLARITY Act could be passed by the end of May.

According to Senator Bernie Moreno, the CLARITY Act could be completed by the end of May 2026, raising hopes for long-awaited cryptocurrency regulation. Meanwhile, the forecast market odds improved slightly from 38% to 46%, but delays and political pressures still remain in doubt.

Meanwhile, Republicans on the Senate Banking Committee are still pushing to delay the CLARITY Act increase until May.

CLARITY Act timeline points to decision in late May

The CLARITY Act, which aims to define the cryptocurrency market structure, is stalled in the Senate despite initial momentum. Any delays in the markup process now run the risk of falling behind schedule further.

Senator Bernie Moreno said this at a DC event held in Washington.

“I think we can complete it by the end of May.”

His comments come amid growing concerns about whether the bill can move forward quickly enough.

Delays in markup schedules created uncertainty. Without it, the bill cannot advance to a vote in the full Senate, so timing is critical.

Pressure mounts as May deadline becomes more important

Moreno has already warned that missing the May window could send cryptocurrency legislation off track for a long time. If the bill is not processed quickly, there is a risk that it will fall through amid the busy political calendar and upcoming election cycle.

At the same time, he strongly pushed back against the banking sector’s concerns about stablecoin yields. He called these concerns ‘noise’ and even ‘completely bogus’ and urged banks to focus on innovation instead of slowing progress.

At the same time, global competition is intensifying.

Treasury Secretary Scott Bessent warned that if the U.S. delays in regulating cryptocurrencies, innovation could migrate to other countries such as Dubai or Singapore. Countries like Russia are legalizing BTC for cross-border trade, and the United States risks being left behind.

Clarity Act odds jump on Polymarket predictions.

Uncertainty is already having an impact on market sentiment. The odds of passage of the CLARITY Act in 2026 rose from 38% to 46% after Moreno said he would complete the bill by the end of May, according to forecasting platform Polymarket.

Clarity Act odds jump on Polymarket predictions.Clarity Act odds jump on Polymarket predictions.

The next few weeks are critical. If the Senate moves quickly to set a schedule for the increase, there’s still a chance the bill could pass by May.

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