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CLARITY Act has 70% chance to pass, potentially boosting Bitcoin to new highs this year.

Market News
22 May 2026
Benzinga
View Source
Bullish
pluang ai news

The CLARITY Act, which could regulate cryptocurrencies including Bitcoin, has a 70% chance of passing before the August recess, according to Galaxy Digital's Alex Thorn. The bill has bipartisan support but faces challenges over ethics provisions restricting elected officials' crypto dealings and opposition from banks concerned about stablecoin yields. If passed, the legislation could set a positive foundation for the crypto market and potentially lead Bitcoin to new all-time highs, though not an immediate price surge. The Senate Banking Committee recently advanced the bill, and final votes are expected soon.

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