Clarity Act Dead? Senate Removes Crypto Bill From Daily Schedule
Bhumika Baghel
Why the Clarity Act Facing Delay Could Kill US Crypto Progress in 2026
The future of American crypto is hanging by a thread. As of April 15, 2026, the CLARITY Act—a major crypto market structure bill—has been removed from the U.S. Senate schedule. While the House passed the bill with a strong bipartisan vote of 294-134, the Senate version is facing massive roadblocks. With midterm elections around the corner, many fear this crucial US crypto regulation bill might go dormant forever.
Source: X Official
The Yield Dispute: Why the CLARITY Act Is Off Senate Schedule
The biggest reason for the delay is a heated debate over stablecoin yields. For months, lawmakers have argued over whether users should earn interest on digital dollars. Senator Thom Tillis is expected to release a final draft this week to solve the problem.
The new compromise is simple but strict: it bans passive yields. This means you cannot earn interest just for holding a stablecoin. However, it allows activity-based rewards for people who actually use their coins for payments or transfers. While Coinbase has officially endorsed this change, big banks still hate it. This Banks vs Crypto Clash is a major reason why Senate Banking Chair Tim Scott has not put the bill on the calendar for the week of April 20.
Midterm Politics Risk: The Clock Is Ticking
Time is running out for the CLARITY Act. If the Senate Banking Committee does not move by April 25, the bill could die. As the 2026 midterm elections get closer, Republicans and Democrats usually stop cooperating on big laws.
Senator Cynthia Lummis and others have issued a Lummis warning, noting that the bill needs a 60-vote majority to pass the full Senate. If the "markup" (the final editing session) doesn't happen this month, the CLARITY Act delayed status will likely become permanent for the year. Experts warn that election-year drama could push any real crypto progress all the way into 2027.
What Happens Next for the CLARITY Act?
Despite the bad news, some leaders remain hopeful. SEC Chair Paul Atkins and Treasury Secretary Scott Bessent are pushing for a quick vote. Even Ripple CEO Brad Garlinghouse believes a deal is closer than it looks. The industry is waiting for Senator Tillis to drop the final text.
If the committee acts fast, we could see a floor vote in May. But if the banking lobby or political disagreements cause one more delay, the CLARITY Act will likely fail. For now, the crypto world is watching the Senate schedule very closely. Every day without a meeting makes the bill's survival less likely.
Conclusion
The CLARITY Act is the most important US crypto regulation bill in years. It promises to bring order to the digital asset market. However, between the Midterm Politics Risk and the fight over stablecoin rewards, the finish line feels further away than ever.
Note: This article is for informational purposes only and does not constitute financial or legal advice.
