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Clarity Act odds jump as senators agree on stablecoin yield limits
Polymarket estimated the bill’s 2026 passage odds rose to 64% after a stablecoin yield deal, and Coinbase CEO Brian Armstrong indicated support for a committee markup.
The odds of the proposed US Clarity Act passing in 2026 surged after senators reached a deal that would limit stablecoin yield, according to DL News. The reported framework would ban payments that are “economically or functionally equivalent” to interest-bearing bank deposits.
DL News reports that Coinbase executives backed the effort, with Coinbase CEO Brian Armstrong signaling support for moving the bill forward with a committee vote. Armstrong previously withdrew his support in January, delaying a scheduled markup over concerns including how the bill would treat stablecoins.
DL News also notes that Polymarket’s estimate for passage odds jumped from 46% to 64% following the agreement. The article ties the push to last year’s GENIUS Act, which banned stablecoin issuers from paying yield or interest on customers’ digital dollars, a change driven by banks’ worries that customers could shift from traditional accounts to higher-yield stablecoins.
DL News adds that it was previously unclear whether a stablecoin yield ban would extend to third parties such as exchanges, keeping regulatory uncertainty in place. Senate Banking Committee Chair Tim Scott postponed the earlier markup before negotiations resumed.