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Clarity Act odds jump as senators agree on stablecoin yield limits
The bill framework would prohibit stablecoin payments that are economically or functionally equivalent to interest-bearing bank deposits, boosting 2026 passage odds to 64% from 46%.
The odds the US Clarity Act will pass in 2026 surged after senators reached a deal aimed at limiting the payment of interest or yield on stablecoins, according to DL News. Under the proposed approach, the bill would ban payments that are economically or functionally equivalent to interest-bearing bank deposits, a change that DL News says would help align stablecoin practices with banks' traditional deposit offerings. Coinbase executives have also signaled support. DL News reports Coinbase CEO Brian Armstrong posted language that appeared to endorse moving the bill forward via a markup, after Armstrong had previously put the bill on ice in January by withdrawing support ahead of a scheduled committee vote. DL News also points to prior legislation, saying the GENIUS Act last year barred stablecoin issuers from paying yield or interest on customers' digital dollars, a restriction that was motivated by banks' concern about customers shifting away from checking and savings accounts. The article adds that negotiators previously faced uncertainty about whether the prior ban covered third-party crypto companies as well.