Industry negotiators say expectations for the Digital Asset Market Clarity Act are rising as the bill is treated as a top Senate priority and as lawmakers review final positions after input from stakeholders. Negotiators indicate progress depends on reconciling industry input with policy objectives. Latest signals point toward bipartisan momentum to move the act forward in the near term.
Banks have warned that crypto substitutes could threaten the core banking model by undermining depositor funding. Signals from major banks suggest a path to compromise, including allowing limited stablecoin yields while maintaining strict oversight. Jamie Dimon signaled openness to a compromise on stablecoin yields, emphasizing that such compensation should be regulated like banks and not mimic traditional deposit interest. This stance underscores the friction between industry interests and bank regulation as lawmakers deliberate.
The Senate Banking Committee could move the bill through a markup, potentially merging it with the Agriculture Committee’s version. With only a few months before 2026, lawmakers face a tight timeline to advance Clarity Act legislation.
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