The US CLARITY Act, a bill poised to bring much-needed clarity and regulation to the crypto industry, is on track to pass through Congress by April, according to crypto-friendly US Senator Bernie Moreno. Speaking to CNBC during an interview at President Donald Trump’s Mar-a-Lago property in Florida, Moreno expressed optimism about the bill’s progress, stating, “We are getting closer to a resolution that benefits everyone involved.”
A Path Forward for the Crypto Industry
Coinbase CEO Brian Armstrong, who joined Moreno for the interview, emphasized the importance of the bill in shaping the future of the crypto market. “One of the big issues that did come up in the past was this idea of stablecoins on rewards,” Armstrong explained. The banking industry had previously raised concerns that offering stablecoin yields could undermine traditional banking and shift deposits and interest away from banks.
Armstrong, who initially withdrew his support for the CLARITY Act in January due to provisions banning interest-bearing stablecoins and positioning the US Securities and Exchange Commission (SEC) as the primary regulator, is now more optimistic. “There is now a path forward where we can achieve a win-win-win outcome for the crypto industry, the banks, and the American consumer,” he said.
Addressing Key Concerns
Senator Moreno acknowledged that the delay in passing the bill was largely due to disagreements over stablecoin rewards. However, he believes these issues are being addressed. “We shouldn’t be hung up on stablecoin rewards. They shouldn’t be part of this equation,” Moreno stated. The senator’s comments suggest a growing consensus among lawmakers and industry leaders to find a balanced solution.
Market Reaction and Political Outlook
The crypto prediction platform Polymarket saw a surge in the odds of the US CLARITY Act passing in 2026, briefly reaching 90% before settling at 72%. This positive market reaction reflects the growing confidence in the bill’s prospects.
When asked about the potential impact of a Democratic takeover of Congress, Moreno was dismissive. “The house isn’t going to go Democrat, and neither is the Senate. The American people are tired of open borders, high inflation, and out-of-control government,” he said. This stance indicates a belief that the current political landscape is favorable for the bill’s passage.
White House Support and Future Prospects
White House crypto and AI czar David Sacks has also expressed strong confidence in the bill’s passage. “We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January,” Sacks said in a recent statement.
The CLARITY Act represents a significant step towards establishing a clear regulatory framework for the crypto industry, which could have far-reaching implications for innovation, investment, and consumer protection. As the bill moves closer to becoming law, it is poised to transform the landscape of digital finance and solidify the United States’ position as a global leader in the crypto sector.
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