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%.
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.
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.
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.