Reports indicate that investment bank TD Cowen has warned that the CLARITY Act may not pass until 2027 and could take effect in 2029.
Lawmakers and Deadlines
The timetable for the bill is tight. Alex Thorn of Galaxy Digital said that if the CLARITY Act does not clear the committee by the end of April, the chances of passage in 2026 are greatly reduced.
Senate leaders have signaled that some items will take priority, leaving little room for compromise.
The debate over stablecoin rewards is where many expect the battle to play out. Banks and crypto firms remain divided on the fact that generating rewards through stablecoins undermines traditional banking models.
Some lawmakers and lobbyists are trading hard lines; compromise will be necessary for any bill to pass.
if CLEAR does not pass committee by the end of April, the chances of passage in 2026 become very slim. this needs to get to the senate floor by early May… floor time is running out and chances are getting smaller every day
The frame right now is that the controversy over stablecoins… pic.twitter.com/tEejEsmUi9
– Alex Thorn (@intangiblecoins) March 14, 2026
The Attorney General said that both the parties will have to provide the basis
Officials said members of the Senate Banking Committee expected a give and take. The top Democrat on the panel warned that neither side could be fully satisfied, but negotiations must continue to make progress.
Time is also a political issue. One senator has said publicly that the chamber won’t work before April because it has other priorities, and that pressure on the calendar makes a late push dangerous.
Meanwhile, US President Donald Trump has criticized the banks for slowing down the progress of the bill, adding public pressure to remove this measure.
BTCUSD trading at $71,469 on the 24-hour chart: TradingView
Crypto Regulation: Timeframe May Extend Years
Some analysts expect the process to extend beyond the next election cycle if a consensus is not reached soon. That prospect suggests the market structure package could be delayed for several sessions of Congress, or re-implemented under new leadership.
According to the crypto-friendly senator’s statements, there is still hope that the bill can clear Congress in April – but that hope depends on quick committee action and compromise on key issues.
Image: IQ.wiki
What’s at stake
The effect of this bill is significant beyond Washington. Clearer rules could change how institutions interact with crypto, how exchanges work, and how stablecoins are managed.
At the moment, the clock is very clear: if the CLARITY Act does not move quickly, its path will be difficult, and its timetable may go into the next Congress.
Featured image from Harris Sliwoski LLPchart from TradingView
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