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Clarity Act odds jump as senators agree on stablecoin yield limits
The proposed approach would bar stablecoin payments that are economically or functionally equivalent to interest-bearing bank deposits, lifting 2026 passage odds to 64% on Polymarket.
DL News reports that the odds of the Clarity Act passing in 2026 surged after senators struck a deal on how stablecoin yield would be handled.
Under the reported framework, the bill would ban stablecoin payments that are economically or functionally equivalent to interest-bearing bank deposits, addressing concerns about stablecoins competing with traditional bank savings.
Coinbase executives have indicated support for moving the legislation forward, after earlier hesitation from Coinbase CEO Brian Armstrong led to a postponement of a scheduled markup in January.
DL News also notes that the 2025 GENIUS Act barred stablecoin issuers from paying yield or interest on customers’ digital dollars, but left open questions about whether the restriction applied to other crypto firms, including exchanges.