Reports indicate that investment bank TD Cowen has warned that the CLARITY Act may not be passed until 2027 and could take effect in 2029.
Legislators and deadlines
The bill’s timetable is tight. Galaxy Digital’s Alex Thorne said that if the CLARITY Act doesn’t clear committee by the end of April, its chances of passage in 2026 will plummet.
Senate leaders have signaled that other items will take priority on the floor, leaving little room for a complex compromise.
The debate over stablecoin rewards is where many expect the fight to end. Banks and crypto companies are at loggerheads over whether offering rewards through stablecoins disrupts traditional banking models.
Some lawmakers and lobbyists are already trading hard lines; Consent is required for each bill to move.
if CLARITY doesn’t pass the committee by the end of April, the chances of passage in 2026 are greatly reduced. this should go to the senate floor by early may…floor time is running out and the odds are getting smaller every day
The current framework is that the debate about stablecoins… pic.twitter.com/tEejEsmUi9
— Alex Thorne (@nonintaxy) March 14, 2026
A senior lawmaker said that both sides should give ground
Officials said members of the Senate Banking Committee are waiting for the deal. A top Democrat on the panel cautioned that neither side is likely to be completely satisfied, but talks must continue to make progress.
Timing is also a political issue. One senator has said publicly that the House won’t act before April because it has other priorities and the calendar squeeze makes a late push dangerous.
Meanwhile, US President Donald Trump has criticized banks for slowing the plan’s progress, increasing public pressure to pass the measure.
BTCUSD trading at $71,469 on the 24-hour chart: TradingView
Crypto regulation: Time can take years
Some analysts expect that if it is not possible to reach an agreement soon, this process will be extended until the next election period. That outlook leaves the possibility that the market structure package could be delayed for multiple sessions of Congress or worked on under new leadership.
There is still hope that the bill could clear Congress by April, according to a crypto senator, but that hope depends on quick committee action and agreements on key issues.
Image: IQ.wiki
What is at stake?
The outcome of the bill is very important from within Washington. Clear rules could change how institutions interact with crypto, how exchanges operate, and how stablecoins are treated.
Right now, the clock is ticking: if the CLARITY Act doesn’t move quickly, its path will get tougher, and its timetable could stretch into the next Congress.
Featured image courtesy of Harris Sliwoski LLPchart from TradingView
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