White House Crypto Adviser Says the CLARITY Act’s Main Blocker is Resolved

Stablecoin Yield Deal Puts CLARITY Back on the Calendar

The practical significance of Witt’s signal is procedural. If the stablecoin-yield compromise really holds, Senate Republicans can stop relitigating the same bank-versus-crypto dispute and move back toward markup.

Cointelegraph reported on April 6 that Hagerty expected the bill to enter the Banking Committee in the work period that started Monday, April 13, and that lawmakers could get it out of committee in April. That is why the Senate’s decision to resume market-structure work this week matters more than another anonymous leak.

The countdown is now about committee days, not theoretical support.

The Tillis angle matters too. Senate negotiators are now expected to circulate fresh yield language aimed at allowing some activity-based rewards while preventing the kind of passive bank-like return that banks fear could pull deposits off their balance sheets. That is broadly consistent with our earlier report on the bank-crypto compromise, except the tone is now firmer and the window is shorter.

The White House wants the process moving again because a completed framework would help keep more token issuance, exchange activity, and stablecoin infrastructure inside the United States. But the bill’s relevance should not be overstated. Crypto adoption did not wait for Congress to discover it, and the industry’s core products already exist because users wanted open rails long before Washington decided to regulate them.

There is Still Doubt the CLARITY Act will Pass

If this were only a story about the main blocker clearing, Polymarket would probably be repricing higher, not fading from the high-60s into a near coin flip.

The market appears to be discounting two things at once. First, traders still want to see public text and an actual Banking Committee notice, not another round of good-sounding process chatter. Second, they know the bill still has unresolved edges around DeFi, ethics, and floor time even if the yield fight is narrowing.

That caution also showed up in Tim Scott’s latest public tone. In his Fox Business appearance on Mornings with Maria, Scott said the rewards issue could be fixed in the next two weeks, described the DeFi piece as almost as close, and said Republican alignment could still take another couple of weeks. He added that he hopes the bill is done by summer 2026.

It also helps explain why our House-win recap now reads less like a countdown to certainty and more like the start of a narrower but still politically fragile endgame.

Coinbase Still Shadows the Senate Push

Coinbase remains central because any final language that limits passive rewards hits one of the economics the company has been most sensitive about. We covered that in our earlier piece on Coinbase taking the blame. The sabotage claim remains an inference, not a disclosed strategy, but the incentive conflict is real enough that traders are still behaving as if Coinbase could derail the last mile again if the economics cut too close to its bottom line.

Broader sentiment still reflects that caution. The crypto Fear and Greed Index stood at 21 on April 14.

What comes next is now straightforward to watch. Traders need to see Tillis’ draft, a real Senate Banking markup notice, proof that Coinbase will not blow up the compromise again, and signs that ethics language does not sink the coalition at the last minute. Until those documents arrive, Witt’s optimism is important, but the drop from roughly 68% to 54% says the market still thinks adoption is moving faster than the politicians trying to wrap themselves around it.