Crypto Clarity Act may be cleared to move after senators agree on stablecoin yield

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Clarity Act may be cleared to move after senators agree on stablecoin yield One of the major sticking points on the crypto market structure bill may be resolved, at least enough to move toward a Senate hearing to advance the bill. By Jesse Hamilton | Edited by Nikhilesh De Mar 20, 2026, 7:27 p.m. Make us preferred on Google Senator Thom Tillis, one of the lawmakers on whom the Clarity Act hinges, reportedly just made a key agreement. (Kayla Bartkowski/Getty Images) What to know : Two key senators have reportedly come to a tentative deal on stablecoin yield, according to Politico, potentially clearing a path for the crypto Clarity Act. The sticking point on stablecoin rewards programs isn't the only thing holding up bipartisan support for the bill, but it was a major roadblock. Industry insiders have heard a compromise was struck, but they told CoinDesk they haven't yet seen the details that have been ironed out. The two U.S. senators negotiating a controversial provision in the crypto industry's market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry's top priority to the next stage in the Senate. The two were quoted by Politico as saying they've agreed in principle on an approach to stablecoin yield in the Digital Asset Market Clarity Act, and that potentially knocks down one of the top unresolved issues in the wide-ranging bill. Still, no further details emerged, other than Alsobrooks reiterating that the yield accord would bar rewards on passive balances of stablecoins. Bankers had argued that stablecoin rewards on holdings of the U.S. dollar-tied tokens could closely resemble interest on bank deposits, and any threat to that core component of U.S. banking could put lending at risk. Both Alsobrooks and Tillis had agreed to find an approach that wouldn't threaten banking. The White House was reviewing updated legislative text on Thursday, CoinDesk previously reported. White House officials didn't immediately respond to a request for comment on the Friday development. Industry insiders have told CoinDesk that they were aware of a new compromise, but they haven't yet seen the legislative text that the senators agreed on. Though the stablecoin question was at the forefront of the Clarity Act negotiations, there remain a number of other points to iron out, including the bill's treatment of decentralized finance (DeFi), a corner of the sector in which some Democrats had expressed unease over illicit finance. Lawmakers have suggested in recent days that the Clarity Act could get a Senate Banking Committee hearing late next month. If it's approved there, it advances toward the Senate floor, though it first needs to be melded with a similar version that already passed in the Senate Agriculture Committee. Advocates have been hoping for a May resolution of the years-long legislative effort. But Senate floor time is at a premium, and it's under some threat from unrelated issues, such as the Republican's voter-ID bill and the back-and-forth over the war in Iran. More For You Kalshi gets temporary Nevada ban in dispute over sports betting By Jesse Hamilton | Edited by Stephen Alpher 42 minutes ago A Nevada court issued a 14-day ban on a wide range of contracts from prediction market firm Kalshi as the firm continues battling with state regulators. What to know : Kalshi has been derailed in Nevada by a two-week court ban as it continues to wage a legal fight over its proper regulation and oversight in that and other states. The prediction market firm is facing a temporary restraining order at the state level, halting its sports, entertaining and elections contracts. Read full story Latest Crypto News Kalshi gets temporary Nevada ban in dispute over sports betting 42 minutes ago Nasdaq winning SEC approval to move stocks onchain shows how Wall Street is taking charge of crypto tech 2 hours ago Bitcoin's latest fear unlocked as rate hike bets rise and bond markets crumble 4 hours ago Why CoinDesk PitchFest matters heading into Miami 4 hours ago Crypto wallet maker Ledger taps former Circle exec as CFO to help lead IPO push 5 hours ago Kalshi valuation doubles to $22 billion in latest funding round: Bloomberg 6 hours ago Top Stories Bitcoin’s price action looks dangerously similar to the pattern that sent it crashing to $60,000 12 hours ago Coinbase introduces stock perpetual futures contracts for non-U.S. customers 6 hours ago Crypto Clarity Act inches toward Senate hearing as lawmakers weigh legislative trades 21 hours ago Wall Street heavyweight Cantor among investment banks pitching FalconX for its potential IPO Mar 19, 2026 Bitcoin $20,000 put option is third most popular strike ahead of quarterly expiry Mar 19, 2026 Crypto markets – and the American people – deserve clarity 23 hours ago