Moreno: 'Hopeful the CLARITY Act will pass in April'…Coinbase: 'A path forward is in sight'

YM Lee

Summary

Sen. Bernie Moreno said the CLARITY Act could pass Congress as early as April.
Brian Armstrong said a path forward is in sight that benefits the digital-asset industry, banks, and U.S. consumers and would deliver on President Trump's digital-asset agenda.
Polymarket showed the probability of the CLARITY Act passing by 2026 once rising to 90% before being revised to about 72%.

Expectations are rising that the CLARITY Act—aimed at clarifying U.S. regulation of digital assets—could pass Congress as early as April.

According to Cointelegraph on the 19th (local time), U.S. Senator Bernie Moreno said in an interview with CNBC at Mar-a-Lago in Florida that, when asked about the timing of passage, 'Hopefully, April.'

Coinbase CEO Brian Armstrong also joined the interview. Armstrong said that U.S. lawmakers and the banking sector in the digital-asset industry discussed solutions related to market structure at a forum hosted by World Liberty Financial.

Armstrong said, 'Now a win-win path is in sight,' adding that 'through outcomes that benefit the digital-asset industry, banks, and U.S. consumers alike, we can deliver on President Trump's digital-asset agenda.'

He also explained why Coinbase previously withdrew its support after opposing the draft CLARITY Act. The bill included a provision banning interest-bearing stablecoins and language designating the U.S. Securities and Exchange Commission as the primary regulator. Armstrong said Coinbase pulled its support in January, judging those provisions to be unfavorable to the industry.

Sen. Moreno pointed to the issue of stablecoin rewards as a cause of the delay. He said, 'Stablecoin rewards should not be part of this equation,' adding that the issue has been overly amplified.

Meanwhile, on the digital-asset prediction platform Polymarket, the probability of the CLARITY Act passing by 2026 once rose to as high as 90%, before being revised to around 72% as of the time of writing.

Addressing concerns that the bill could be derailed if Democrats take control of Congress after the midterm elections, Moreno drew a line, saying, 'The House and the Senate will not flip to the Democrats.'

Earlier, David Sacks, the White House's lead for digital assets and artificial intelligence policy, said in December last year that 'we are closer than ever to passing a landmark market-structure bill.'