šØ CLARITY Act: Has It Passed or Not? (April 2026 Update)
Hey Binance Square fam! š
Been seeing a lot of confusion around the CLARITY Act lately. Let's break down exactly where things stand right now.
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š SHORT ANSWER: NOT PASSED YET.
Here's the current reality:
ā House passed it (July 2025 ā 294 to 134, strong bipartisan vote)
ā³ Stalled in the Senate ā stuck in the Banking Committee since January over stablecoin yield disputes
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š„ WHAT'S THE HOLD UP?
The main battle is over stablecoin yield ā basically whether stablecoin holders can earn interest/rewards. Banking lobby is pushing back hard, arguing yield-bearing stablecoins would compete with traditional banks. Crypto firms say banning rewards would just push innovation offshore.
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š KEY DEADLINES TO WATCH
Ā· Late April ā The Senate Banking Committee is targeting markup proceedings. If it doesn't clear committee by then, odds drop to near zero for this congressional session.
Ā· August recess ā Many see this as the final realistic window before midterm campaigns take over.
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š® PASSING ODDS ā Mixed Signals
Source Prediction
TD Cowen ~33% chance in 2026
JPMorgan, Ripple CEO, Coinbase CEO Expect pass by mid-year
Coinbase CLO (April 2) Said progress expected within 48 hours
Polymarket Dropped from 82% peak to ~60%
Bottom line: it could go either way.
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š” WHAT HAPPENS IF IT PASSES?
This would be a game-changer for U.S. crypto:
Ā· CFTC gets exclusive jurisdiction over "digital commodities" spot markets (generally viewed as more crypto-friendly than SEC)
Ā· Clear classification rules for tokens (securities vs. commodities) ā major win for projects like XRP, SOL, etc. under lighter CFTC rules
Ā· Could unlock massive institutional money from pension funds and corporate treasuries that have stayed on sidelines
Ā· Standard Chartered sees BTC potentially reaching $150Kā$200K with clear rules
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ā ļø IF IT FAILS?
Ā· Industry stuck in regulatory limbo indefinitely
Ā· SEC likely resurrects Biden-era enforcement approach
Ā· Another year of guessing which tokens might get sued next
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šÆ MY TAKE
April is the critical month. Either we see a breakthrough in the Banking Committee, or this bill likely dies until 2027. Keep your eyes on Senate news ā this could trigger serious market moves either direction.
What's your prediction? Will the CLARITY Act pass in 2026? Drop your thoughts below! š
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