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.
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.