Countdown to U.S. Senate Crypto Bill: Probability of CLARITY Act Passing Rises to 69%, Stablecoin Yield Dispute Becomes a Key Variable

February 26 News: The U.S. Senate Democrats recently held a meeting focused on advancing legislation for the cryptocurrency market structure, with key attention on the CLARITY Act and its feasibility for implementation in 2026. The bill aims to clarify the regulatory roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), establishing a clearer compliance framework for digital asset platforms, stablecoin issuers, and the DeFi ecosystem. It is seen as a significant milestone in U.S. crypto regulation policy.

Currently, the White House’s policy coordination deadline of March 1 is approaching. The rules on stablecoin yields have become a major point of contention between the two parties. Democrats favor strengthening investor protection, limiting potential financial risks, and emphasizing anti-money laundering and banking regulation compatibility; Republicans and the crypto industry, on the other hand, support a regulatory environment that encourages technological innovation to maintain U.S. leadership in blockchain and artificial intelligence.

Meanwhile, senior executives from venture capital firm a16z, Marc Andreessen and Chris Dixon, briefed Senate Republicans on policies, highlighting the importance of the U.S. Senate crypto bill in maintaining America’s leadership in crypto asset regulation, AI innovation, and digital financial infrastructure. Collin McCune, head of government affairs at a16z, noted that the meeting focused on the future direction of crypto market structure legislation and AI strategic coordination.

At the industry level, whether stablecoins should be allowed to offer interest or yields remains a contentious issue. Industry representatives like Brian Armstrong questioned proposals to restrict yields, arguing that such restrictions could weaken the market competitiveness of USD stablecoins and impact the development pace of the U.S. digital asset ecosystem. Meanwhile, the Office of the Comptroller of the Currency (OCC) proposed a framework that allows stablecoin issuance but limits yield distribution, further intensifying policy disagreements between banks and crypto firms.

Additionally, the Senate is coordinating key provisions on tokenized asset regulation, DeFi compliance frameworks, and CFTC spot market rules, causing legislative progress to stall temporarily. Although the Agriculture Committee’s push for related regulatory details is seen as a positive sign, the bill still requires broader support from Democrats to proceed to a full vote. CLARITY Act Signed Into Law in 2026 Odds (Source: Polymarket)

Market prediction platforms show that after Trump’s speech on national issues, the probability of the CLARITY Act being signed into law by 2026 dropped to 47%. However, with the progress of Democratic meetings and increased policy lobbying, this probability has rebounded to 69%. This change reflects growing market expectations that U.S. crypto regulation will become clearer, stablecoin policies will be implemented, and the digital asset compliance framework will accelerate formation.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Gate ETF's February trading volume exceeded $16 billion, maintaining the top spot in ETF trading volume across the entire network. It now supports nearly 320 ETF trading pairs.

Gate ETF business achieved a trading volume of 16.277 billion USDT in February 2026, ranking first in monthly trading volume across the entire network. Supporting nearly 320 ETF trading pairs, it optimizes liquidity and trading efficiency to meet diverse investment needs. At the same time, it introduces a new leveraged token trading model in conjunction with traditional financial assets.

GateNews18m ago

Japan's "Sanae Token" plummets 58%! Prime Minister Sanae Takashi denies any connection, as political meme coin regulatory risks intensify

The "Meme Coin" under Japanese Prime Minister Fumio Kishida's name has plummeted 58% after being accused of having no connection to him. The token was launched on February 25th, claiming to be related to political support. After Kishida denied the connection, the market reacted strongly, and the Financial Services Agency has launched an investigation, focusing on compliance issues related to crypto assets.

GateNews25m ago

PHA (Phala Network) increased by 34.79% in the past 24 hours

Gate News Bot Message, March 04, According to CoinMarketCap data, as of press time, PHA (Phala Network) is currently trading at $0.04, up 34.79% in the past 24 hours, with a high of $0.04 and a low of $0.02. The current market capitalization is approximately $30.9 million, an increase of $7.97 million compared to yesterday. Phala Network is a hardware-secure privacy computing platform dedicated to delivering verifiable AI technology and providing enterprise-level privacy protection. The platform supports deploying privacy-preserving AI models within minutes through Trusted Execution Environment (TEE) technology. Phala Network has earned the trust of over 5,000 users, including industry players like NVIDIA, OpenRouter, NEAR, and Vana.

GateNews31m ago

KAVA (Kava) 24-hour increase of 18.37%

Gate News Bot Message, March 04, According to CoinMarketCap data, as of press time, KAVA (Kava) is trading at $0.06, up 18.37% in the past 24 hours, reaching a high of $0.07 and a low of $0.05. The 24-hour trading volume is $51.4 million. The current market capitalization is approximately $68.4 million, an increase of $10.6 million from yesterday. Kava is a decentralized blockchain that combines Cosmos’s speed and interoperability with the Ethereum developer ecosystem. The network communicates with 30 chains and $60 billion in assets within the Cosmos ecosystem via the IBC protocol, while also providing an EVM-compatible execution environment, enabling Solidity developers to build applications on the Kava network. Currently, the network has 120 million staked KAVA and 100 active validators.

GateNews56m ago

Former Trump advisor warns: Merely "supporting Bitcoin" is far from enough; the U.S. needs to actively advance a strategic Bitcoin reserve

David Bailey pointed out that the U.S. government needs to strengthen policy and political capital investment to push Bitcoin into the national strategic level. He mentioned that although the Trump administration has begun to establish Bitcoin reserves, progress has been limited, and the government's Bitcoin assets mainly come from law enforcement seizures. Bailey emphasized that political support alone is not enough to promote Bitcoin development; public engagement and policy efforts need to be increased.

GateNews1h ago

Gate Ventures: Mainstream assets slightly decline, ETF net inflows and infrastructure financing remain active

The recently released Crypto Weekly Report shows that the crypto market is experiencing volatility and consolidation, with large amounts of capital flowing into BTC and ETH respectively, and market sentiment is extremely fearful. In terms of investment and financing, 13 transactions were completed with a total of $76.15 million, with infrastructure financing leading, and institutions accelerating their digital asset custody deployment.

GateNews1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)