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.
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.
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.
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.
A White House reporter says the Bitcoin and crypto market structure bill final text is nearly finalized, with a Senate Banking Committee markup eyed for mid-to-late March 2026.
White House negotiators set a March 1, 2026 drafting deadline for the CLARITY Act as Senate talks stall on stablecoin rewards and bitcoin rallies.
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.
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.
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.
Senate Banking GOP delays US crypto market structure bill to late Feb or March, Bloomberg says, as housing takes priority under Trump’s affordability push.
Senate Banking delayed the Jan. 15 CLARITY Act markup on H.R. 3633, keeping U.S. crypto market-structure legislation in limbo—what happens next.
CLARITY Act market-structure bill slips toward 2026 as Senate markup timing drags. Democrats raise Trump-related crypto ethics concerns, per CoinDesk.