Ripple CEO Brad Garlinghouse said that he believes there is an 80% chance the CLARITY Act will pass the U.S. Senate by the end of April. His comments come as negotiations continue in Washington following weeks of delays in the Senate Banking Committee.
The bill has remained stalled since January, when a planned markup session was postponed after Coinbase withdrew its support. Lawmakers from both parties, along with representatives from the crypto and banking sectors, have since been engaged in renewed discussions aimed at resolving key disagreements.
While Garlinghouse expressed confidence in the bill’s prospects, the pace and outcome of the legislative process ultimately depend on Senate negotiations and bipartisan agreement.
Read also: Crypto Regulation Slows Down: CLARITY Act Vote Delayed
Stablecoin Yield Debate Remains Central
Although the CLARITY Act is broadly designed to establish a regulatory framework for digital assets, the most significant point of contention has been stablecoin rewards. A key provision in the draft would restrict or prohibit platforms from offering yield on dollar-backed stablecoins unless they meet certain regulatory standards.
Crypto companies argue that stablecoin rewards play a role in maintaining liquidity and encouraging use within blockchain-based systems. Banking groups, however, have raised concerns that yield-bearing stablecoins could function as alternatives to traditional deposits, potentially affecting the stability of the financial system.
Recent meetings involving White House officials, lawmakers, and industry executives have reportedly focused on finding a compromise on this issue. No final agreement has been announced.
Read also: Chaos Over Polish Crypto Law: Veto, Secret Parliament Meeting and No Clear Future
Legislative Path So Far
The CLARITY Act was introduced in May 2025 and passed the House of Representatives in July with bipartisan support. The bill seeks to clarify whether digital assets fall under the jurisdiction of the Securities and Exchange Commission or the Commodity Futures Trading Commission, while also establishing new requirements for exchanges and decentralized finance platforms.
In the Senate, the legislation has undergone multiple revisions. Lawmakers have debated oversight authority, ethics provisions, and the treatment of stablecoins. The government shutdown in late 2025 further slowed progress, and disagreements within the Senate Banking Committee have continued into early 2026.
The Senate Agriculture Committee has advanced its own version of the bill, but broader agreement is still required before a full Senate vote can take place.
Read also: What the GENIUS Act Means for Stablecoin Regulation
Ongoing Negotiations Ahead of Spring Recess
High-level discussions are continuing as lawmakers work toward a potential compromise before the spring recess. Industry participants, including Ripple representatives, have taken part in recent meetings, but final decisions rest with Congress.
With the 2026 midterm elections approaching, there is increased attention on whether lawmakers can finalize a digital asset framework in the coming months. Now, the CLARITY Act remains under negotiation, with its timeline dependent on resolving outstanding disputes, particularly around stablecoin yield provisions.
