The CLARITY Act could be completed by the end of May 2026, according to Senator Bernie Moreno, raising hopes for long-awaited crypto regulation. Meanwhile, prediction market odds have slightly improved from 38% to 46%, but delays and political pressure remain doubtful.
On the other hand, a Republican on the Senate Banking Committee is still pushing to delay the CLARITY Act markup to May.
The CLARITY Act, which aims to define crypto market structure, has been stuck in the Senate despite earlier momentum. A delay in the markup process now risks pushing the timeline further.
Speaking at a DC event in Washington, Senator Bernie Moreno said,
“I think we’re going to get it done by the end of May.”
His statement comes at a time when concerns are rising over whether the bill can move forward fast enough.
The delay in scheduling a markup has created uncertainty. Without it, the bill cannot move to a full Senate vote, making timing very important.
Moreno has already warned that missing the May window could push crypto legislation off track for a long time. If the bill does not progress soon, it risks being lost amid a busy political calendar and the upcoming election cycle.
At the same time, he strongly pushed back against banking-sector concerns about stablecoin yields. He called these concerns “noise” and even said they are “completely fake,” urging banks to focus on innovation instead of slowing progress.
At the same time, global competition is increasing.
Treasury Secretary Scott Bessent warned that if the U.S. delays crypto regulation, innovation could move to other countries like Dubai and Singapore. Countries like Russia are legalizing BTC for cross-border trade, and the U.S. risks falling behind.
The uncertainty is already affecting market sentiment. On prediction platform Polymarket, the odds of the CLARITY Act passing in 2026 moved from 38% to 46% after Moreno said we’re going to get the CLARITY Act done by the end of May.
The next few weeks are critical. If the Senate moves quickly and schedules the markup, the bill still has a chance to pass by May.
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