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Clarity Act odds jump as senators agree on stablecoin yield limits
The probability of the Clarity Act passing in 2026 rose to 64% after a reported Senate deal would bar stablecoin yield payments that are economically or functionally equivalent to interest-bearing bank deposits.
The odds that the US Clarity Act will pass in 2026 surged after a reported Senate agreement aimed at limiting stablecoin yield. According to DL News, the deal would restrict payments that are economically or functionally equivalent to interest-bearing bank deposits.
DL News reports that Coinbase executives have signaled support for the bill, with Coinbase CEO Brian Armstrong writing about a potential markup, which could advance the legislation through a committee vote. The article also notes that Armstrong had previously put the bill on hold in January by pulling support before a scheduled markup.
The report says the deal came after the Senate Banking Committee Chair Tim Scott postponed the markup, sending negotiators back to revise the bill. DL News frames the shift as a change in how stablecoin yield is treated, building on last year’s GENIUS Act, which barred stablecoin issuers from paying yield or interest on customers’ digital dollars.
By DL News account, the stablecoin yield limits are tied to banks’ concerns that customers could move from traditional checking and savings accounts to stablecoins that often offer higher interest rates, with additional uncertainty about whether third parties like exchanges would be covered.