US Crypto CLARITY Act Could Pass by April as Coinbase CEO Reports Progress

TLDR

• Polymarket odds for the CLARITY Act passing in 2026 spiked to 90% before settling at 72%
• Senator Bernie Moreno said the bill could pass “hopefully by April”
• Coinbase CEO Brian Armstrong said negotiations have made “great progress” with only a few issues left
• The main sticking point is stablecoin yield/rewards provisions and SEC regulatory oversight
• A follow-up meeting between crypto execs and banks was expected around February 19

The odds of the US CLARITY Act passing jumped sharply on prediction markets this week after upbeat comments from Coinbase CEO Brian Armstrong and Senator Bernie Moreno.

Polymarket traders pushed the probability of the bill passing in 2026 to 90% on Wednesday. It later pulled back to 72% at the time of publication.

Armstrong and Moreno both spoke to CNBC during an interview at President Donald Trump’s Mar-a-Lago property in Florida. They were attending a World Liberty Financial crypto forum alongside banking and Congressional representatives.

Coinbase had previously pulled its support for the CLARITY Act in January. Armstrong said the bill’s ban on interest-bearing stablecoins and its positioning of the SEC as the primary crypto regulator were the main reasons.

The White House was reportedly unhappy with Coinbase’s withdrawal. Officials described the move as “unilateral” and said it blindsided the administration.

Stablecoin Yields Remain the Key Dispute

The central issue holding up the bill is whether stablecoins should be allowed to offer yields to holders. Banks have opposed this, arguing it would pull deposits away from traditional financial institutions.

Armstrong framed the goal as a “win-win-win” for crypto, banks, and consumers. He said the Senate Banking Committee has been meeting daily to push the bill forward.

New Meetings Expected This Week

Another meeting between crypto executives and banks was expected around February 19, according to journalist Eleanor Terrett. She noted nothing had been confirmed at the time of her report.

Patrick Witt, executive director of the White House Crypto Council, said a meeting could happen as early as this week without giving a specific day.

The deadline for the banking and crypto industry to finalize terms is less than two weeks away from the time of publication.

The CLARITY Act is designed to give the US crypto industry a clearer regulatory framework. It has been one of the most closely watched pieces of crypto legislation in 2025 and into 2026.

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