U.S. Digital Asset Market CLARITY Act Held Up by Interest-Bearing Stablecoin Dispute and Bank Opposition

The Digital Asset Market CLARITY Act is nearing the final phase of the U.S. legislative process, Santiment reports, building on the GENIUS Act passed in 2025 that established a stablecoin framework but left broader crypto rules unresolved. Senate Banking Committee Chair Tim Scott said at the DC Blockchain Summit on March 17 that progress on the bill is stalled by disagreements over interest-bearing stablecoins, which the crypto sector supports but banks fear could divert funds from traditional deposits, while Senators Thom Tillis and Angela Alsobrooks review safeguards for products resembling bank services. Political pressure escalated after President Donald Trump urged swift passage in a March 4 Truth Social post, warning that unclear rules could push capital and innovation to jurisdictions such as China and criticizing major banks for resisting reforms. Polymarket bettors assign a 62% probability the CLARITY Act will pass in 2026, even as the dispute over interest-bearing stablecoins and tensions with banks continue to slow the bill.