News 
Coin Information 
About us 
Customer Service 
The latest version of the CLARITY Act could receive stronger bipartisan backing in the U.S. Senate after lawmakers added the “Build Now Act” to the crypto legislation, according to Galaxy Digital’s Head of Research Alex Thorn. The Senate Banking Committee released the updated draft on Tuesday ahead of the scheduled markup on May 14, drawing significant attention from the crypto industry and policymakers.
Thorn highlighted several important revisions in the updated CLARITY Act through a series of posts on X. The revised crypto bill includes changes related to SEC authority, decentralized finance (DeFi) definitions, insider trading rules, and bankruptcy protections for digital asset companies. However, the addition of Section 904, known as the Build Now Act, stood out as the most politically important change.
The Build Now Act was previously co-sponsored by Senators John Kennedy and Elizabeth Warren and had already passed the Senate as part of the ROAD housing legislation earlier this year. Thorn believes including this bipartisan measure inside the CLARITY Act could improve the bill’s chances of becoming law while attracting additional support from lawmakers who remain undecided on crypto regulation.
According to Thorn, Senator Kennedy had reportedly been uncertain about supporting the crypto bill, but adding the Build Now provision may help secure his backing. He also noted that Senator Warren’s previous involvement gives the legislation additional bipartisan credibility, despite her long-standing skepticism toward cryptocurrencies and digital assets.
Senate Banking Committee Chairman Tim Scott stated that the updated legislation aims to provide “certainty, safeguards, and accountability” for Americans participating in the digital asset market. Senator Cynthia Lummis also praised the revised proposal, saying it moves the United States closer to establishing a comprehensive crypto regulatory framework.
Meanwhile, Senator Bernie Moreno expressed optimism that President Donald Trump could sign the CLARITY Act into law as early as July 4, marking a major milestone for U.S. crypto regulation in 2026.
Comment 0