Negotiations on CLARITY Act Continue After March Deadline Passes
- The March 1 deadline for resolving stablecoin reward disputes under the CLARITY Act expired without a deal.
- Senate Banking Committee leaders are planning new markup attempts this month to advance the bill.
- Ongoing yield negotiations between banks and crypto firms have stalled consensus, particularly over stablecoin rewards.
- Prediction markets indicate a mixed outlook, with a 70% chance of the bill passing by 2026.
- Bank representatives argue that stablecoin balances should not generate interest, complicating negotiations.
Despite the missed deadline, discussions regarding the CLARITY Act are ongoing as stakeholders seek to address significant policy differences around yield structures and rewards in stablecoins.
As lawmakers navigate these complexities, they face pressure to finalize text before a potential vote in 2026, with current predictions showing only a 6% chance of passage before April.(Source)
