The Clarity Act is running late again. What lawmakers described just weeks ago as nearly done has now slipped into May, and the crypto industry is no longer staying quiet about it.
Analyst Dan Gambardello said this week that the delay has taken over conversations across the industry, with pressure mounting directly on Senate Banking Republicans to bring the bill to markup without further stalling.
More than 100+ major players, including Coinbase, Ripple, Kraken, Circle, and Chainlink Labs, have signed a joint letter urging immediate action. Gambardello stressed that this is not just routine lobbying but a coordinated industry-wide effort after years of bipartisan groundwork.
For many, the bill represents a long-awaited framework to bring clarity around regulation, jurisdiction, and market structure. Yet despite being at the final stage, it continues to face delays.
Gambardello walked through how the timeline has kept slipping. Back in late 2025, expectations were set for completion by year-end. Moving into 2026, optimism grew with projections of an 80–90% chance of passage by April.
That didn’t happen.
Through March and early April, updates kept pointing to a deal being “very close,” but now the bill is likely moving into May. Gambardello stressed how quickly sentiment shifts, where even strong probabilities can break down as new developments emerge.
The latest delay is largely tied to ongoing disagreements between banks and crypto firms, particularly around stablecoin yield rules. Senator Tom Tillis has pushed for more time to resolve these issues.
Gambardello, however, objected to further delays, arguing that the U.S. risks falling behind if action is not taken soon. He called on leadership, including Senator Tim Scott, to move the process forward.
The latest update on the Clarity Act shows mixed signals, as the bill’s possibilities are shifted towards next month. Senator Bernie Moreno, as reported by Eleanor Terrett, said he expects the bill to be “done by the end of May,” suggesting confidence from within the Senate despite ongoing delays.
While Senator Cynthia Lummis said that, “We have bipartisan support. We have the president’s support. This is our moment. let’s get this done.”
So in short, if they’ve finally reached bipartisan approval, this could be the biggest thing to happen to Crypto – ever.
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