The long‑anticipated market‑structure bill for crypto, known as the CLARITY Act, remains stalled in the Senate — but Coinbase CEO Brian Armstrong told CNBC this week he expects a favorable outcome. Speaking at the World Liberty Forum in Mar‑a‑Lago, Armstrong described the bill as a potential “win‑win” for the crypto industry, banks and consumers. He said there is “a path forward,” framing the legislation as an opportunity to deliver regulatory certainty and help the U.S. stay competitive in the global digital‑asset race. Where things stand: the CLARITY Act passed the House in July 2025 by a bipartisan 294–134 margin and was referred to the Senate Committee on Banking, Housing, and Urban Affairs in September 2025. It has yet to reach a Senate floor vote. Planned committee markups scheduled for January 15 and January 27, 2026 were canceled or indefinitely postponed amid industry pushback and internal disagreements. A related development: the Senate Agriculture Committee advanced a measure incorporating parts of the Digital Commodity Intermediaries Act (S. 3755) on a narrow party‑line vote in late January/early February. That move eased some pressure but did not break the broader stalemate over market‑structure reform. The central flashpoint is stablecoin yield — whether issuers should be permitted to offer rewards or interest to stablecoin holders. Senator Bernie Moreno has argued such rewards should be excluded from the framework, saying most Americans “likely should not be concerned” unless they own a bank and that consumers would benefit from more competition for deposits. Moreno expressed confidence the impasse will be resolved and said he hopes the bill clears Congress by April. Armstrong, by contrast, says stablecoin rewards are essential to building a competitive domestic market. “To build the stablecoin industry in America, we have to have stablecoin rewards,” he said, adding that some banks are already partnering with crypto firms and that the “smartest banks” are embracing innovation. With the clock ticking, high‑level efforts to break the deadlock continue: Bitcoinist reported the White House is considering convening another meeting as soon as Thursday to hash out the stablecoin yield question. For crypto firms, banks and policymakers, the coming weeks could determine whether the U.S. finally lands a long‑sought regulatory framework or remains mired in procedural gridlock. Read more AI-generated news on: undefined/news

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