Crypto's Hopes for Clarity Act Still Alive Despite Senate's Tight Schedule

The Crypto Clarity Act, a critical market structure bill, is facing a tight schedule in the US Senate, but a potential committee hearing in May could keep it alive. Despite the legislative calendar running out of room for 2026, a Senate aide believes that a short delay to allow Senator Thom Tillis to finish discussions with bankers over stablecoin-yield concerns is manageable. The bill's progress has been hindered by a stablecoin rewards debate, which has sparked intense discussions between crypto insiders and bank lobbyists. While the odds of the bill being signed into law in 2026 are roughly 50-50, the crypto industry is playing the long game, with crypto PACs devoting millions of dollars to building relationships with Congress members from both parties. The legislation, if approved, would become the second major crypto bill to become law, following last year's Guiding and Establishing National Innovation for US Stablecoins Act.