The Clarity Act, one of the most closely watched crypto bills in the United States, has slipped again. Lawmakers had described it only weeks ago as nearly finished, but the timeline has now moved into May, raising pressure on Senate Banking Republicans to bring the bill to markup without more delay.
Analyst Dan Gambardello said the setback has become a central topic across the crypto industry. That pressure is no longer quiet. A joint letter signed by more than 100 major firms called for immediate action, with names including Coinbase, Ripple, Kraken, Circle, and Chainlink Labs. He described the push as a coordinated industry effort built on years of bipartisan work, not a routine lobbying campaign.
Industry pressure grows as the final-stage bill keeps slipping
For crypto firms, the bill is widely seen as a long-awaited framework for regulatory clarity, jurisdiction, and market structure. Expectations had been high because the legislation was viewed as being near the finish line. Even so, the next step has not arrived.
Gambardello outlined how the timetable has kept moving. In late 2025, expectations pointed to completion by year-end. Entering 2026, optimism strengthened, with estimates placing the odds of passage by April at 80% to 90%. That outcome did not materialize. Through March and early April, updates still suggested a deal was “very close,” yet the bill is now expected to roll into the following month.
Stablecoin yield dispute remains a key obstacle
The latest delay is tied in large part to disagreements between banks and crypto companies. The main area of friction is stablecoin yield rules. Senator Tom Tillis has argued for more time to work through those issues, a sign that unresolved details are still slowing the process.
Gambardello pushed back on the idea of another delay. He said the United States risks falling behind if lawmakers do not act soon, and he called on leadership, including Senator Tim Scott, to move the bill ahead. At this stage, attention is fixed not only on whether the bill passes, but on whether the Senate is willing to move it into formal review without another stall.
Senators point to support, but the timeline keeps moving
The latest signals from Capitol Hill are mixed. According to reporting cited in the source material, Senator Bernie Moreno said he expects the bill to be done by the end of May, suggesting there is still confidence inside the Senate despite the repeated slippage.
Senator Cynthia Lummis struck a similarly supportive tone, saying, “We have bipartisan support. We have the president’s support. This is our moment. Let’s get this done.” Public backing from both parties and the president is already in place, based on those remarks. Even so, talks over the bill’s details are still holding up the final push.