Last Week to Save the CLARITY Act: Will U.S. Crypto Bill Pass or Die?

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Last Week to Save the CLARITY Act Or U.S. Crypto Bill Will Die

The CLARITY Act, a bill designed to regulate the crypto market, is facing uncertainty as April 2026 comes to a close without a scheduled date for Senate review. This lack of progress is causing worries about whether the bill will move forward.

As a crypto investor, I’ve been watching Polymarket, and things are getting interesting. The odds of this passing have dropped significantly – they were almost 80%, but now they’re around 53%. It really comes down to this: will it get approved in time, or are we looking at another delay?

Last Week to Save the CLARITY Act

The Clarity Act passed the House in July 2025 with a wide margin – 294 to 134 – but it hasn’t moved forward since. The main problem isn’t a lack of support, but rather disagreements about when to proceed.

As a researcher following this legislation, I’ve learned that the Senate Banking Committee needs to schedule a markup session for the bill to progress. Currently, no date has been set for this markup – it’s the essential first step before the bill can be considered by the full Senate.

Senator Tim Scott points out a clear sequence: if a bill isn’t amended in committee, it won’t be approved by the committee, and if it’s not approved, it won’t reach a vote on the Senate floor.

If this step isn’t completed, the process can’t proceed to a Senate vote. Time is running out in April, and failing to act quickly could mean missing the May 21st deadline.

After that, a busy schedule could delay it even further.

Key Issues Delaying the Crypto Bill Progress

The hold-up is mostly because a few things haven’t been finalized yet. Senate leaders have highlighted three main areas where they still need to reach an agreement:

  • Stablecoin reward rules
  • Protections for DeFi developers
  • Internal political alignment

Meanwhile, law enforcement officials are now pushing back against certain parts of the plan related to decentralized finance, causing further delays.

Why Timing Matters More Than Policy Now

Even though the bill is stronger in terms of support, the biggest risk now is timing. 

Market sentiment is already reacting to the delay. 

The chances of this bill becoming law in 2026, as predicted on the Polymarket platform, have dropped significantly from around 70%–80% earlier in the year to almost 53%, indicating increasing worries about its progress.

Senator Bernie Moreno warned,

“If the bill does not reach the Senate floor by May, it gets buried by midterm politics.” 

Meanwhile, Senator Cynthia Lummis cautioned it could be delayed “until 2030.”

What Happens If the Clarity Act Fails?

Without the Clarity Act, the US cryptocurrency industry risks falling back into a state of confusion. Without clear regulations, a solid legal structure, and predictable rules, the industry can’t thrive.

Big companies such as JPMorgan think this bill, if approved, could significantly change the market and attract new investments from large institutions. Other key players, including BlackRock, Morgan Stanley, and Coinbase, are following its development closely.

If the Senate Banking Committee moves forward with its review quickly, the bill has a chance of being debated by the full Senate before May 21st.

Otherwise, getting the bill passed becomes difficult. Once May ends, the focus shifts to elections, and the bill might be put on hold for a very long time.

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2026-04-21 09:37