According to crypto-friendly US Senator Bernie Moreno, the US CLARITY Act, a highly anticipated bill geared toward providing more clarity for the US crypto industry, could make its way through Congress in only over a month.
“Hopefully by April,” Moreno told CNBC on Wednesday during an interview at President Donald Trump’s Mar-a-Lago estate in Florida.
Coinbase CEO Brian Armstrong took part within the interview with Moreno and explained that they met with crypto, banking and US Congress representatives on the World Liberty Financial (WLF) crypto forum to search out an answer to the market structure.
“A path forward” is in sight, says Moreno
“One of the large issues that got here up up to now was the thought of stablecoins as rewards,” Armstrong said. The banking industry had previously expressed concerns that offering stablecoin yields could undermine traditional banking and divert deposits and interest away from banks.
While Armstrong took issue with the bill and withdrew his support for the CLARITY Act in January, he said there’s “a path forward now where we will have a win-win-win consequence here.”
Brian Armstrong and Bernie Moreno joined CNBC on Wednesday. Source: CNBC
“A victory for the crypto industry, a victory for the banks and a victory for the American consumer to see President Trump’s crypto agenda through to the finish line so we will make America the crypto capital of the world,” Armstrong said.
Armstrong said the crypto exchange cannot support the bill to date since it incorporates provisions that ban interest-bearing stablecoins and position the U.S. Securities and Exchange Commission because the crypto industry's primary regulator. The White House was reportedly dissatisfied by Coinbase's decision to withdraw its support, calling the move a “unilateral” motion that blindsided government officials.
Moreno admitted that the delay was as a consequence of a give attention to stablecoin rewards, which he said “shouldn’t be a part of this equation.”
Crypto forecasting platform Polymarket's odds of the US CLARITY Act being passed in 2026 briefly rose to 90% on Wednesday before falling to 72% on the time of publication.
Moreno rejects the thought of a Democratic-led midterm election
Meanwhile, when asked, Moreno dismissed the concept that a Democratic takeover of Congress could jeopardize the bill. “The House of Representatives won’t go Democratic, and neither will the Senate,” Moreno said.
“The American persons are fed up with open borders; that's why we were elected. They were fed up with high inflation, they usually were fed up with an out-of-control government,” he added.
On December 19, White House crypto and AI czar David Sacks expressed high confidence that the bill would pass early this yr.
“We are closer than ever to passing the groundbreaking crypto market structure laws that President Trump has called for. We look ahead to completing the work in January,” Sacks said on the time.
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