US Crypto CLARITY Act May Pass by April, According to Coinbase CEO’s Report on Progress

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TLDR

  • Polymarket odds for the CLARITY Act passing in 2026 increased to 90% before settling at 72%
  • Senator Bernie Moreno indicated the bill could pass “hopefully by April”
  • Coinbase CEO Brian Armstrong reported “great progress” in negotiations, with only a few issues remaining
  • The primary obstacles are provisions related to stablecoin yield/rewards and SEC regulatory oversight
  • A follow-up meeting between crypto executives and banks was anticipated around February 19

The likelihood of the US CLARITY Act being passed saw a significant surge on prediction markets this week, following optimistic statements from Coinbase CEO Brian Armstrong and Senator Bernie Moreno.

On Wednesday, Polymarket traders elevated the probability of the bill’s passage in 2026 to 90%, though it later adjusted to 72% by the time of this report.

Armstrong and Moreno shared these remarks with CNBC during an interview at President Donald Trump’s Mar-a-Lago estate in Florida, where they were attending a World Liberty Financial crypto forum alongside representatives from the banking sector and Congress.

Moreno stated that the objective is to have the bill passed “hopefully by April.” Ripple CEO Brad Garlinghouse has also estimated the chances of an April passage at approximately 80%.

Armstrong described the negotiations as having made “great progress,” adding that only a few remaining issues need resolution before the bill can advance.

had previously withdrawn its support for the CLARITY Act in January. Armstrong cited the bill’s prohibition on interest-bearing stablecoins and its designation of the SEC as the primary cryptocurrency regulator as the main reasons for this decision.

The White House was reportedly displeased with Coinbase’s withdrawal, with officials characterizing the move as “unilateral” and stating that it caught the administration by surprise.

Stablecoin Yields Remain the Key Dispute

The central point of contention delaying the bill is the permissibility of stablecoins offering yields to their holders. Banks have voiced opposition to this, contending that it would divert deposits from traditional financial institutions.

Moreno acknowledged that the bill became “hung up” on this particular issue, stating that stablecoin rewards “shouldn’t be part of this equation.”

framed the objective as achieving a “win-win-win” scenario for the cryptocurrency industry, banks, and consumers. He indicated that the Senate Banking Committee has been holding daily meetings to facilitate the bill’s progress.

New Meetings Expected This Week

According to journalist Eleanor Terrett, another meeting between cryptocurrency executives and banking representatives was anticipated around February 19. She noted that no confirmations had been made at the time of her report.

Patrick Witt, executive director of the White House Crypto Council, suggested that a meeting could potentially occur as early as this week, without specifying a particular day.

The deadline for the banking and crypto industries to finalize terms is less than two weeks away from the current publication date.

Armstrong commented on the Senate’s diligent efforts to bridge the gap, saying, “They are meeting daily as far as I can tell to get this over the line.”

The CLARITY Act aims to establish a more defined regulatory framework for the US cryptocurrency industry. It has been recognized as one of the most closely scrutinized pieces of crypto legislation throughout 2025 and into 2026.