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CLARITY Act passage odds fall from 75 percent to 60 percent on Senate schedule, stablecoin issues

The odds of the U.S. Congress passing the CLARITY Act in 2026 have fallen to 60 percent from 75 percent, reflecting a tighter Senate calendar and delays tied to ethics and illicit finance issues. Galaxy Digital lowered its forecast, citing limited time before the August recess and the need for 60 Senate votes. Disputes over stablecoin rewards and unfinished work to merge committee revisions also weigh on progress.

Crypto

Progress on U.S. CLARITY Act but 60 votes in full Senate uncertain

The U.S. Senate Banking Committee approved the CLARITY crypto market structure bill by 15 to 9, with two Democrats joining Republicans. Support in the full Senate remains uncertain as those Democrats set conditions tied to ethics language. U.S. banking groups also urged changes to stablecoin provisions, warning of regulatory loopholes. The bill must be reconciled with another Senate version and needs at least 60 votes in the full chamber.

Crypto

U.S. Senate Banking panel clash grows ahead of CLARITY bill review

A dispute between U.S. banks and pro-cryptocurrency forces is intensifying ahead of the Senate Banking Committee’s review of the CLARITY bill. Senator Bernie Moreno said the banking industry is lobbying to block stablecoin earnings provisions and described it as panic. The American Bankers Association warned the wording could spur deposit outflows and pose risks to growth and financial stability. A proposed compromise would ban returns equivalent to deposit interest while allowing legitimate platform rewards.