Banks are escalating their fight over stablecoin yield in the CLARITY Act, while Polymarket still shows only 54% odds of passage and bitcoin trades near 75.7K.
White House crypto adviser Patrick Witt says the stablecoin-yield compromise is holding, Senate talks restarted on April 14, and Polymarket still fell to 54%.
The CLARITY Act is moving back toward a Senate vote after its 294-134 House win, fresh stablecoin compromises, and a new Treasury push, while Polymarket remains stuck in the mid-60s.
Banks and crypto firms have reached a stablecoin rewards compromise that could restart the CLARITY Act, while Polymarket held passage odds at 62% and attention shifted back to Coinbase.
Coinbase said it won conditional approval for a U.S. national trust company charter as CLARITY Act odds rebounded on hopes a stablecoin-yield deal could emerge within 48 hours.
Coinbase is being accused of sabotaging the CLARITY Act after Polymarket held the bill at 54% on March 29 and bad-draft rumors spread across crypto X.
Patrick Witt warned Coinbase there is no time to wait as Polymarket odds for the CLARITY Act fell from an 82% peak on February 20 to 52% on March 28.
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.
Sen. Mark Warner urged negotiators to keep moving the CLARITY Act as SEC Chair Paul Atkins warned only a statute can lock in durable SEC-CFTC rules.
Treasury Secretary Scott Bessent acknowledged bank concerns about stablecoin yield as the White House hosts a second meeting to unblock the CLARITY Act.
CIRO issued interim crypto custody rules for Canadian trading platforms, setting tiered custodian standards, audit and insurance expectations, and limits that critics say could accelerate consolidation.
SEC Chair Paul Atkins said now is the “right time” to open the $12.5T 401(k) market to crypto, as bitcoin slid near $84,500 amid policy-risk jitters.
South Korea moves to end its corporate crypto ban: FSC drafts rules for listed firms and pros to buy top-20 coins, capped at 5% of equity.
Turkmenistan legalizes licensed crypto mining and exchanges in 2026 but bans crypto payments. What the new virtual assets law allows and leaves unclear.
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