Sen. Moreno: US CLARITY Act could pass by April amid progress
The US CLARITY Act, a proposed framework intended to provide regulatory clarity for the US cryptocurrency sector, could advance through Congress as early as April, according to US Senator Bernie Moreno. Moreno made the remarks in a CNBC interview on Wednesday at former President Donald Trump’s Mar-a-Lago property in Florida.
Coinbase CEO Brian Armstrong joined Moreno in the interview and said they were meeting with representatives from the crypto industry, banking sector, and members of Congress at the World Liberty Financial (WLF) crypto forum to work toward an agreement on market structure.
Moreno says a “path forward” is emerging
Armstrong noted that one of the sticking points has been the topic of stablecoin rewards. Banks had previously expressed concern that interest on stablecoins could draw deposits and interest income away from traditional institutions.
Armstrong, who withdrew support for the CLARITY Act in January due to provisions that would prohibit interest-bearing stablecoins and assign the US Securities and Exchange Commission as the primary regulator for crypto, said there is now “a path forward” that could produce a favorable outcome for all parties. He characterized it as “a win for the crypto industry, a win for the banks, and a win for the American consumer to get President Trump’s crypto agenda through to the finish line, so we can make America the crypto capital of the world.”
The White House was reportedly disappointed by Coinbase’s decision to pull support, calling it a unilateral move that caught administration officials off guard.
Moreno acknowledged the delay, saying it was due to disagreements over stablecoin rewards, which he argued “shouldn’t be part of this equation.”
Following Moreno’s comments, prediction platform Polymarket briefly showed a 90% probability on Wednesday that the US CLARITY Act would pass in 2026, before the odds pulled back to 72% at the time of publication.
Moreno dismisses possibility of a Democrat-led Congress after midterms
Asked whether a potential Democratic majority in Congress could imperil the legislation, Moreno said he does not expect either chamber to flip. “The house isn’t going to go Democrat, and neither is the Senate,” he said, adding that voters were frustrated with issues including border security, inflation, and the size of government.
On Dec. 19, White House crypto and AI lead David Sacks expressed confidence that the legislation would pass early this year. “We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January,” Sacks said at the time.
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