Congress will hold a hearing titled “Tokenization and the Future of Securities: Modernizing Our Capital Markets” next week, bringing lawmakers and industry experts together to assess tokenized securities. The session comes as the CLARITY Act advances, signaling growing legislative focus on digital asset frameworks.
Negotiators from the crypto industry and banks are reportedly close to resolving stablecoin yield rules in the CLARITY Act, lifting passage odds above 60%. Markets view the development as a renewed chance the bill will be signed into law this year, easing regulatory uncertainty for yield-bearing products.
Sen. Angela Alsobrooks said banks will likely need to accept compromises as the Senate Banking Committee targets an end-of-March markup of the CLARITY Act. Her comments suggest growing momentum toward a negotiated crypto framework.
JPMorgan analysts expect the CLARITY Act to be approved by mid-2026, a development that could finally deliver long-awaited regulatory clarity for US crypto markets. The move may accelerate institutional participation and reshape rules around custody, tokens, and exchanges.
Coinbase CEO Brian Armstrong told reporters he now puts the odds of the CLARITY Act passing at about 90% after negotiations showed significant progress, and prediction markets have shifted higher in response. The move signals growing confidence that U.S. lawmakers may settle on clearer rules for digital assets.
Ripple CEO Brad Garlinghouse said the CLARITY Act is very close to being finalized after fresh talks between banks and crypto firms, and he sees April as the most likely month for passage.
The Senate Agriculture Committee advanced its portion of the CLARITY Act during markup on Jan. 29, moving the crypto bill forward despite a lack of bipartisan support as Republicans used their majority to pass it. The outcome marks a regulatory milestone but highlights mounting partisan divisions over crypto policy.
Anthony Scaramucci warned that the CLARITY Act’s proposed ban on earning yield from stablecoins could weaken the U.S. dollar’s competitiveness versus China’s digital yuan, by pushing liquidity and innovation offshore.
Coinbase's CEO said tokenized stocks are 'inevitable' despite uncertainty around the CLARITY Act, signaling continued product focus and investor interest. Meanwhile BNB Chain has overtaken Solana as the leading platform for tokenized stocks.
Coinbase’s pushback against the CLARITY Act coincided with a Senate delay on the bill and a sharp sell-off in crypto-related equities, with Circle, Robinhood and Coinbase each sliding over 6%. The episode highlights renewed market sensitivity to regulatory outcomes.