Progress on the US CLARITY Act has hit a roadblock. Disagreements over stablecoin yields are the mai

CLARITY Act Stalled in Senate Over Stablecoin Yield Fight—Three Narrow Windows Left Before Midterms

The CLARITY Act, America's big crypto market structure bill, is stuck in the Senate. The holdup? Stablecoin yields. Senators are scrambling for a compromise before the 2026 midterms, but so far, no deal.

The bill passed the House in July 2025 with bipartisan support. Then it hit the Senate Banking Committee—and hit a wall. Banks hate the idea of stablecoins paying interest, arguing it would pull deposits out of the traditional system. A White House-backed compromise went nowhere last week; industry says banning rewards kills innovation.

Now senators are floating new ideas: maybe allow limited rewards for active payments, but not on idle funds. Banks are still skeptical. Talks drag on.

And time is tight. Congress has three real windows to move this thing before the November election.

Window 1: March–May. If they can hash out stablecoins soon, the Banking Committee could act this spring. This is the best shot.

Window 2: June–July. Possible, but midterm campaigns will start pulling focus.

Window 3: September. Technically still open, but passing major finance bills in a pre-election frenzy? Hard.

Stablecoins, market structure, banking competition—it's all tangled up. Whether CLARITY makes it through will shape U.S. crypto rules for years.