The GENIUS Act, passed in 2025, created a regulatory framework for US stablecoins. But clear rules for the rest of the crypto market are still missing.
This may change soon, as Santiment’s latest data suggests that the Digital Asset Market CLARITY Act is nearing the final stage of the legislative process.
If approved, the bill could mark a turning point for institutional investment in crypto and provide clearer regulatory guidance for large investors.
CLARITY Law negotiations continue
speaking In much the same way at the DC Blockchain Summit on March 17, Senate Banking Committee Chairman Tim Scott said that the bill was still delayed due to the dispute over interest-bearing stablecoins.
While the crypto industry supports such products, banks fear they could drain large amounts of money from traditional deposits.
However, Senators Thom Tillis and Angela Alsobrooks are currently reviewing these concerns and pushing for stronger protections if crypto products operate like bank services.
This cautious approach slowed the bill’s progress. Meanwhile, political pressure is increasing, especially after US President Donald Trump called on lawmakers to quickly pass the law.
President Trump demands passage of CLARITY Act
US President Donald Trump on March 4 wrote In a post on Truth Social,
The Genius Act is being threatened and undermined by the Banks and this is unacceptable. We will not allow this. The USA needs to complete the Market Structure as soon as possible.
Donald Trump’s statement shifted the debate around the CLARITY Act from a technical policy issue to a broader economic and strategic concern.
He argues that without clear crypto regulations, capital and innovation could move to countries like China, making the bill important for maintaining US financial leadership.
Trump also criticized major banks for resisting crypto reforms despite reporting record profits, suggesting they were prioritizing their own interests.
He linked the CLARITY Act to the goal of making the United States the global crypto capital, increasing pressure on lawmakers to advance the legislation.
Crypto community remains confident
This trust was also reflected in the crypto community. noted When Senator Kevin Cramer said,
I think we should make this a committee priority for some time just before or shortly after Easter.
Echoing similar sentiments, Blockchain Association Vice President of Industry Affairs Dan Spuller said: added,
I am now increasingly confident that we will achieve CLARITY and not allow the banks to rig the outcome.
Polymarket rates and other glitches
Additionally, Polymarket bettors have increased the odds of the CLARITY Act passing in 2026 to 62%.
Needless to say, the bill has now become the center of a growing conflict between the US government and traditional banks.
This disagreement has delayed the bill until early 2026. So, as expected, Trump’s crypto advisor Patrick Witt put it best. in question,
The CLARITY Act must remain pro-innovation legislation. Trying to hijack the legislative process and turn it into an anti-competition bill is disgraceful.
Final Summary
- Open rules could unlock large institutional capital that has been cautious due to regulatory uncertainty.
- But a major dispute over interest-bearing stablecoins continues to slow progress.
