U.S. Senator Bernie Moreno states the CLARITY Act, a key cryptocurrency market structure bill, could pass Congress within a month. Coinbase CEO Brian Armstrong, who had withdrawn support, now indicates a potential compromise has been reached. The legislation’s progress faces political considerations and specific debates over stablecoin regulations.
U.S. Senator Bernie Moreno stated the CLARITY Act could pass Congress in just over a month. He made the remarks during an interview alongside Coinbase CEO Brian Armstrong at a financial forum in Florida.
Armstrong explained that previous concerns about the bill’s stablecoin provisions had been a major hurdle. The banking industry had raised issues that offering stablecoin yields could shift deposits away from traditional banks.
“One of the big issues that did come up in the past was this idea of stablecoins on rewards,” Armstrong said. He noted that while he had withdrawn support for the draft bill in January, a resolution now appears possible.
“There is now a path forward, where we can get a win-win-win outcome here,” Armstrong added. He described this as a win for crypto, banks, and consumers to advance the presidential crypto agenda.
Armstrong had previously opposed the bill because it included a ban on interest-bearing stablecoins. He also objected to positioning the U.S. Securities and Exchange Commission as the primary crypto regulator.
Moreno acknowledged the delay, stating the process got “hung up” on the issue of stablecoin rewards. He argued that stablecoin rewards “shouldn’t be part of this equation.”
Prediction market Polymarket showed shifting odds for the bill’s passage in 2026, briefly reaching 90% before settling at 72%. When asked about potential political obstacles, Moreno dismissed the idea of a Democratic takeover in upcoming elections.
“The house isn’t going to go Democrat, and neither is the Senate,” Moreno stated. He attributed the current political climate to public dissatisfaction with issues like border policy and inflation.
In December, White House official David Sacks expressed strong confidence the bill would pass early this year. Sacks said they were closer than ever to passing the landmark legislation called for by the president.
