Coinbase CEO Brian Armstrong and U.S. Senator Bernie Moreno signaled a potential revival for the stalled CLARITY Act at a Mar-a-Lago forum. They pushed back against claims the crypto industry blocked the bill, framing the delay as strategic. Optimism is growing, with prediction market Polymarket showing 90% odds for passage by April 2026, though traditional banks are lobbying to remove stablecoin rewards from the legislation.
The stalled CLARITY Act may be poised for a comeback, according to Coinbase CEO Brian Armstrong and U.S. Senator Bernie Moreno. Speaking at the World Liberty Forum, they countered claims that the crypto industry blocked the bill, with Armstrong calling the earlier setback a strategic pause to secure better consumer protections.
Armstrong stated “We are going to get this across the finish line, hopefully by April.” He now sees a path for a compromise, adding “A win for the crypto industry, a win for the banks, and a win for the American consumer.”
A key dispute is whether stablecoins should be allowed to offer rewards, which traditional banks oppose. Banks fear higher returns will pull deposits from savings accounts, but Moreno argues competition will force banks to offer better rates and supports faster payment cycles.
Political timing is also a factor, with Moreno aiming for passage by April 2026 before midterm elections slow progress. He expressed doubt about Democrats regaining the House, citing voter frustration over inflation and border policy.
This political optimism coincided with surging confidence on prediction markets. Data shows Polymarket odds for the act’s passage in 2026 have jumped to 90%, indicating a belief the legislative deadlock is easing.
