🚨CRYPTO BILL ON THE BRINK OF COLLAPSE
The CLARITY Act just got pulled from next week’s Senate schedule… and time is running out.
Senate Banking Chair Tim Scott has NOT scheduled the crypto market structure bill for the week of April 20.
That’s a major red flag.
According to Politico, Thom Tillis is expected to release the FINAL draft this week.
This is the LAST step before a committee markup can even happen.
But here’s the problem:
Even if the draft drops… the path forward is extremely fragile.
The bill must:
→ Align with Senate Agriculture Committee
→ Pass a 60-vote Senate floor (needs Democrats)
→ Reconcile with the House version
That’s a political minefield.
And the clock is ticking FAST.
If no markup is scheduled by April 20–25…
Midterm politics could completely kill bipartisan momentum.
Meaning:
The bill could DIE before it even reaches the floor.
Now add the controversial compromise:
→ Passive stablecoin yield would be BANNED
→ Only activity-based rewards allowed
That’s already creating friction across the industry.
Coinbase has surprisingly endorsed the bill after a U-turn…
But major US banks are STILL opposed.
So what could go wrong?
Everything.
One Democrat defection on ethics language…
One lobbying pushback on yield rules…
One delay in committee scheduling…
And it’s over.
This isn’t just legislation.
It’s the framework for the future of crypto in the US.
And right now… it’s hanging by a thread.
#Crypto #Regulation #Bitcoin #SEC #BreakingNews