News View Non-AMP

US CLARITY Act Will Die In 14 Days If The Senate Doesn’t Act

Published by
Rizwan Ansari

The CLARITY Act, a major U.S. crypto regulation bill, is now facing a do-or-die moment. Senator Bill Hagerty confirmed the bill will enter the Senate Banking Committee this week.

If it doesn’t get a vote by the end of April, the biggest crypto legal framework will die without ever reaching a full Senate floor vote.

14 Day Deadline or End Of Clarity Act Bill

Senator Bill Hagerty confirmed that the CLARITY Act will go before the Senate Banking Committee during the current work period. The Senate now faces a tight two-week window before the Memorial Day break limits action time.

The main issue is that Chairman Tim Scott has not set a date for the markup yet. Without a set date, the bill is still stuck, and there is no clear progress.

After the Memorial Day break, the 2026 midterm elections will dominate the calendar. By October, senators will shift focus toward campaigning instead of passing legislation.

There is also a political risk. If Democrats regain control of the House and Senate in November, passing this bill could become significantly more difficult.

Therefore, senators said, if the bill does not reach the Senate floor by the end, it will then die. 

Stablecoin Yield Fight That Almost Killed the Bill

The main issue delaying this bill for four months is stablecoin yield, whether platforms like Coinbase can give interest-like rewards on stablecoins.

Banks strongly opposed it, saying it could pull money out of bank accounts. The Independent Community Bankers of America even warned of $1.3 trillion in deposit losses for small banks, and big banks spent about $56.7 million lobbying against it in 2025.

Recently, Coinpedia news reported that a White House report challenged that claim. It said banning stablecoin yield would only increase bank lending by about $2.1 billion, which is just 0.02% of total U.S. loans, while consumers would lose around $800 million each year.

Why America Desperately Needs This Bill?

For almost 10 years, crypto rules in the U.S. have come mainly from lawsuits. The SEC sues projects, courts decide what a security is, and everyone else is left guessing the rules. There is still no clear law for exchanges, developers, or investors.

The CLARITY Act tries to fix this. It clearly splits control between the SEC and the CFTC.

On March 17, 2026, the SEC and CFTC said in a joint report that Bitcoin, Ethereum, Solana, XRP, and Dogecoin are digital commodities. The CLARITY Act will turn this rule into official law, preventing future changes easily.

The next two weeks are critical. If the Senate Banking Committee schedules and passes the markup. If the bill reaches the Senate floor in May, then it will be well and good, and final approval could happen by early summer

If lawmakers fail to act, they will delay the bill until after elections or abandon it in its current form.

Rizwan Ansari

Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry — from price analysis to blockchain disruption. During this period, he’s authored more than 3,000 news articles for Coinpedia News.

Recent Posts

Ripple News: Ripple Prime Enters Equity Derivatives With New “Delta One Business”

Ripple’s institutional prime brokerage arm, Ripple Prime, has officially launched its new “Delta One” business.…

August 27, 2026

STX Price Prediction 2026: The Two Forces Behind Stacks’ Bitcoin-Native Finance Demand

Story Highlights The live price of the Stacks token is . Price predictions for 2026…

August 27, 2026

XRP Drops to $1.43 as $20M in Longs Get Liquidated

CryptoQuant analyst Darkfost says XRP is facing its strongest derivatives selling pressure of 2026. This…

August 27, 2026

Ethena (ENA) & Bittensor (TAO) Defy Bearish Pressure—Can Bulls Keep the Uptrend Alive?

The prices of Ethena (ENA) and Bittensor (TAO) are showing a renewed bullish momentum as…

August 27, 2026

Defi Lending Protocol Moonwell Hit by $9M Exploit

Moonwell’s DeFi lending protocol has been hit by an exploit that drained more than $9…

August 27, 2026

Bittensor Price Jumps as Bitcoin-Like Scarcity Narrative Returns to TAO

Bittensor price has moved sharply higher, with TAO trading around $255.36, up more than 10%…

August 27, 2026