The CLARITY Act's 2026 path is tightening as stablecoin rewards remain the key fight, with Polymarket odds down to 56% on March 15.
Polymarket odds for the CLARITY Act fell to 62% as major U.S. banks weighed legal action over OCC trust-charter approvals they say could let crypto firms scale bank-like services without the full banking rulebook.
Trump says banks are trying to block the CLARITY Act to stop Americans from earning 4% to 5% on stablecoins, as bitcoin rebounds and fear stays elevated.
Trump-backed crypto market structure legislation is still stuck in Senate talks over stablecoin yield, after the House passed the CLARITY Act and negotiators postponed the next markup.
A White House meeting between major banks and crypto firms ended without agreement on stablecoin yield, as banks pressed for a sweeping ban on rewards and negotiators faced a late-February drafting deadline.
Treasury Secretary Scott Bessent acknowledged bank concerns about stablecoin yield as the White House hosts a second meeting to unblock the CLARITY Act.
White House talks over stablecoin rewards ended without an agreement, leaving U.S. crypto legislation in limbo as banks and the industry fight over who gets the yield.
Banks are using the GENIUS Act to reshape the stablecoin market: Banks want control of the stablecoin market, starting with USDC and circling Tether.