US CLARITY Act Moves Closer To Law After Surprise | Crypto News
Prediction market merchants on Polymarket put the percentages of the CLARITY Act turning into law in 2026 at 55% — a bounce of 9 share factors in a single day — after two US senators launched last language settling one of the invoice’s most contested disputes.
Banks Got Restrictions, Crypto Got Rewards
The new textual content, printed Friday by Senators Thom Tillis and Angela Alsobrooks, attracts a clear line on stablecoin yields. No crypto firm could pay prospects any kind of curiosity merely for holding stablecoins — a observe that critics argued mimicked bank deposits and put conventional lenders at a drawback.
But companies are allowed to offer rewards tied to what the invoice calls “bona fide activities,” that means precise use of crypto platforms or networks.
Coinbase chief legal officer Faryar Shirzad called the result a win for shoppers. “In the end, the banks were able to get more restrictions on rewards, but we protected what matters,” Shirzad said, referring to Americans’ means to earn rewards through real crypto usage.
The last rewards textual content in the CLARITY Act is now public.
We’ve been clear throughout this course of: a lot of this debate was based on imagined dangers, not real evidence, nor was it based on a real understanding of how crypto truly works.
Nevertheless, the crypto industry confirmed… https://t.co/XoQ7Zp1Y39
— Faryar Shirzad (@faryarshirzad) May 1, 2026
Coinbase CEO Brian Armstrong was blunter. His response to the news: “Mark it up” — a direct call for the Senate Banking Committee to transfer the invoice ahead.
Not everybody was glad. Helius Labs CEO Mert Mumtaz supplied a sharper take, saying the outcome merely meant Americans couldn’t earn risk-free yield on their {dollars} without going through a bank.
Senate Markup Could Come As Early As May 11
Galaxy Digital head of firmwide research Alex Thorn said the release of the last textual content indicators that the Senate Banking Committee may schedule a markup as soon as the week of May 11.
That would mark a important acceleration for laws that had stalled for months, partly because the stablecoin yield query had no agreed reply.
CLARITY ACT — textual content of tillis (R) / alsobrooks (D) compromise on stablecoin yield is out now
they beforehand said they’d “agreement in principle”
release of textual content suggests that senate banking will schedule markup imminently, as soon as week of could 11 pic.twitter.com/5COMHE8IJu
— Alex Thorn (@intangiblecoins) May 1, 2026
Thorn also flagged a seemingly complication. He expects banks to step up their opposition once the markup is on the calendar, a warning that the compromise textual content will not be the end of the combat — just the start of a new one.
The broader timeline had already been set by a number of senators. Bernie Moreno said he expects the invoice to get finished by the end of May. Senator Cynthia Lummis put it more starkly in April: “It’s now or never.”
A Long-Running Dispute Pushed To The Side
The stablecoin yield debate had been one of the main obstacles holding up the CLARITY Act, a invoice designed to give the US crypto industry clearer regulatory ground to stand on. With that dispute now resolved — at least on paper — consideration shifts to the remaining of the laws.
Featured image from MetaAI, chart from TradingView
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