CLARITY Act moves toward Senate review in late March

CLARITY Act moves toward Senate review in late March
Disputes over stablecoin yields continue to delay progress on the CLARITY Act

​Discussions around the CLARITY Act, a U.S. bill designed to establish regulatory rules for the crypto market, could move to the Senate Banking Committee for consideration as early as late March. Lawmakers would review proposed amendments before a potential vote.

According to Fox Business journalist Eleanor Terrett, negotiations around the bill are still ongoing, and further progress largely depends on Republican Senator Thom Tillis. His position could determine whether the legislation returns to the Senate Banking Committee.

Dispute over stablecoin yields

One of the main reasons for the delay is a set of proposed amendments that could restrict crypto platforms from offering yield on stablecoins. The proposal was previously introduced by Senators Thom Tillis and Angela Alsobrooks. The amendments triggered a strong reaction from the crypto industry. In particular, Coinbase said it was temporarily withdrawing support for the bill, arguing that the changes could significantly limit the business models of crypto companies.

To break the deadlock, the White House submitted a revised legislative draft to Senator Tillis’ office. The document reflects several weeks of negotiations between government officials, banks, and representatives of the crypto industry. The text is expected to be reworked into a compromise version that could satisfy both the financial sector and crypto companies, allowing the bill to return to committee review.

Chances for passage in 2026

Despite the difficult negotiations, representatives of the crypto industry remain cautiously optimistic that the CLARITY Act could pass this year. Digital Chamber CEO Cody Carbone said discussions with Senator Tillis regarding stablecoin yield have been productive and that both sides may find a compromise.

According to industry participants, the next few weeks could be decisive for the future of the bill. If a compromise is reached, the Senate Banking Committee could take it up for consideration later this month.

Why the CLARITY Act matters for the crypto market

The CLARITY Act aims to define the regulatory framework for digital assets in the United States, including the division of oversight between the SEC and the CFTC, rules for crypto companies, and standards for stablecoins. The industry views the legislation as a key step toward regulatory clarity, which could pave the way for broader participation of institutional investors in the crypto market.

Earlier, it was reported that $300 billion in stablecoins has already been integrated into the real economy, increasingly being used for salary payments.

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