#Gate13周年现场直击

Up to a 70% probability! - Latest Developments on the CLARITY Act

The CLARITY Act is currently in a critical stage of Senate review. Although it was passed overwhelmingly by the House in July 2025 by a vote of 294 to 134, as of mid-April 2026, the bill is still stuck in the Senate Banking Committee and has not yet entered the full-chamber voting stage.

Key dynamics in the current progress include:

‌White House intervention and mediation: Because the banking industry and the crypto industry are deadlocked over the issue of “stablecoin yields,” in April 2026 the White House Council of Economic Advisers (CEA) released a research report stating that a ban on stablecoin yields would have extremely little impact on protecting bank deposits (only increasing loan amounts by about 0.02%), providing key data support to break the deadlock.

‌Pressure from the Treasury Secretary: U.S. Treasury Secretary Scott Bessent has repeatedly issued public warnings that if the bill is not passed by May 2026, as the midterm elections approach the legislative window will close, which could cause talent and capital to accelerate toward regulatory-friendly regions such as Singapore and Abu Dhabi.

‌Signs of industry compromise emerging: The crypto industry has shown willingness to make concessions, accepting restrictions on “static hold-to-earn interest,” but insisting on retaining incentive mechanisms related to participation in the DeFi ecosystem (such as liquidity provision and trading rewards).

‌Forecasts show the probability of passage rising: Market forecast data indicates that the probability of the bill being passed in the first half of 2026 has increased to approximately 70%, and key votes may be held around the end of April.

Once the Senate version passes, both chambers will also need to reconcile text differences, before finally submitting the bill to President Donald Trump for signature and effect.