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Project Overview
Clarity is an advanced DAO contribution platform. It enables users to share task boards and documents, manage access with tokens, receive bounty payouts, and build contributor reputation.
Polymarket probability of “CLARITY Act takes effect in 2026” rises to 67%, up 21% in 24 hours
The Odaily Seer Prophecy Channel monitors that the probability of Polymarket's "CLARITY Act takes effect in 2026" has risen to 67%, up 21% in 24 hours.The event contract rules state: If the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law before 11:59 PM Eastern Time on December 31, 2026, the outcome is "Yes"; otherwise, it is "No." The primary source of information is the Congress.gov website (https://www.congress.gov/bill/119th-congress/house-bill/3633) and other official U.S. government information, although other reliable reports may also be referenced.Coinbase has indicated that key disagreements regarding stablecoin holding yield provisions have been resolved with traditional banking institutions, clearing the way for the U.S. Senate to advance the crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily due to concerns over capital outflows from the deposit banking system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final plan, while adding some restrictions, still preserves room for users to earn rewards through crypto platforms and networks based on actual usage scenarios. This development is expected to push the CLARITY Act toward a voting process in the Senate Banking Committee.The Odaily Seer Prophecy Channel continues to monitor the prediction market, seeing changes before pricing.
Coinbase: Agreement Reached with Banks on Stablecoin Yield Terms, Senate Crypto Bill Poised to Advance
Coinbase stated a key disagreement over stablecoin yield provisions has been resolved with traditional banks, clearing a path for the U.S. Senate to advance a crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily over concerns about funds flowing out of the bank deposit system. Coinbase Chief Policy Officer Faryar Shirzad said the final compromise, while adding some restrictions, still preserves users' ability to earn rewards through crypto platforms and networks based on actual use cases. This progress is expected to move the "Clarity Act" toward a vote in the Senate Banking Committee, further clarifying the regulatory responsibilities of the SEC and CFTC over crypto assets. (Bloomberg)
The U.S. CLARITY Act’s new draft text permits crypto companies to offer stablecoin rewards while safeguarding banks’ interest-bearing deposit businesses.
A compromise text of the Clarity Act, agreed upon by members of the U.S. Senate Banking Committee, was released on Friday. The text allows crypto companies to continue offering stablecoin reward programs but prohibits them from providing stablecoin yields that function as or are economically equivalent to bank deposits.
U.S. Senator Tillis: The Clarity Act has made significant progress and will prompt the committee to schedule consideration as soon as possible.
According to reporter Eleanor Terrett, U.S. Senator Thom Tillis (R-NC) stated that he is prepared to move the “Clarity for Stablecoins Act” into the markup phase and will request the chair to schedule a markup session. Tillis noted that most banking-sector concerns regarding stablecoin yield have been heard and addressed, and he welcomes other stakeholders to engage in good-faith collaboration. Regarding timing, Tillis aims to release the stablecoin yield-related legislative text 4–5 days after stakeholders’ preview and before the markup.
The U.S. Senate actually has only about 9 to 10 working weeks left to advance the Clarity Act
with the revision of the Clarity Act expected to move forward in May, the crypto industry is closely watching its legislative window before the August congressional recess. Ji Kim, CEO of the Crypto Council for Innovation, stated that the Senate has limited time remaining, and the industry hopes to get the bill to President Trump's desk for signature before August.However, after accounting for recess periods and other legislative agendas, the Senate effectively has only about 9 to 10 working weeks left to advance the bill. Currently, the bill still needs to first pass through the Senate Banking Committee, with disagreements over stablecoin yield and rewards remaining key obstacles.
U.S. Cryptocurrency Market Structure Bill Faces Roadblocks; Critical Timeline May Be in May
According to CoinDesk, the U.S. cryptocurrency market structure bill—the Clarity Act—has seen no significant public progress over the past month and is not expected to achieve a breakthrough in April. The report notes that if the bill is to pass before the election, May 25—Memorial Day—is viewed as a critical milestone for advancement; after that date, members of Congress will gradually shift into campaign mode, leaving less time for legislative work. At present, it remains unclear whether the Senate Banking Committee will move forward with related hearings. Issues such as stablecoin yields and other outstanding matters have also yet to be publicly resolved. Even if these disagreements are addressed, the House of Representatives would still need to vote on the bill again.
Polymarket probability of “CLARITY Act takes effect in 2026” rises to 67%, up 21% in 24 hours
The Odaily Seer Prophecy Channel monitors that the probability of Polymarket's "CLARITY Act takes effect in 2026" has risen to 67%, up 21% in 24 hours.The event contract rules state: If the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law before 11:59 PM Eastern Time on December 31, 2026, the outcome is "Yes"; otherwise, it is "No." The primary source of information is the Congress.gov website (https://www.congress.gov/bill/119th-congress/house-bill/3633) and other official U.S. government information, although other reliable reports may also be referenced.Coinbase has indicated that key disagreements regarding stablecoin holding yield provisions have been resolved with traditional banking institutions, clearing the way for the U.S. Senate to advance the crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily due to concerns over capital outflows from the deposit banking system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final plan, while adding some restrictions, still preserves room for users to earn rewards through crypto platforms and networks based on actual usage scenarios. This development is expected to push the CLARITY Act toward a voting process in the Senate Banking Committee.The Odaily Seer Prophecy Channel continues to monitor the prediction market, seeing changes before pricing.
Coinbase: Agreement Reached with Banks on Stablecoin Yield Terms, Senate Crypto Bill Poised to Advance
Coinbase stated a key disagreement over stablecoin yield provisions has been resolved with traditional banks, clearing a path for the U.S. Senate to advance a crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily over concerns about funds flowing out of the bank deposit system. Coinbase Chief Policy Officer Faryar Shirzad said the final compromise, while adding some restrictions, still preserves users' ability to earn rewards through crypto platforms and networks based on actual use cases. This progress is expected to move the "Clarity Act" toward a vote in the Senate Banking Committee, further clarifying the regulatory responsibilities of the SEC and CFTC over crypto assets. (Bloomberg)
U.S. Cryptocurrency Market Structure Bill Faces Roadblocks; Critical Timeline May Be in May
According to CoinDesk, the U.S. cryptocurrency market structure bill—the Clarity Act—has seen no significant public progress over the past month and is not expected to achieve a breakthrough in April. The report notes that if the bill is to pass before the election, May 25—Memorial Day—is viewed as a critical milestone for advancement; after that date, members of Congress will gradually shift into campaign mode, leaving less time for legislative work. At present, it remains unclear whether the Senate Banking Committee will move forward with related hearings. Issues such as stablecoin yields and other outstanding matters have also yet to be publicly resolved. Even if these disagreements are addressed, the House of Representatives would still need to vote on the bill again.
Trump: Will Not Allow Banks to Obstruct Crypto Market Structure Legislation
Odaily Odaily: U.S. President Trump stated at a private event for TRUMP Meme coin holders held at his Mar-a-Lago estate in Florida that the White House will not allow banking lobbying groups to hinder the progress of the crypto market structure bill, the Digital Asset Market Clarity Act. He said the crypto industry has entered the mainstream, declaring "America is the leader in crypto," and that banks should not obstruct the establishment of stablecoin and crypto regulatory frameworks.Dubbed the "most exclusive meeting in the world," the event invited hundreds of large TRUMP coin holders. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had expressed concerns that stablecoin reward mechanisms could impact traditional deposit businesses, which had slowed the legislative process. (CoinDesk)
U.S. Senator Tillis: The Clarity Act has made significant progress and will prompt the committee to schedule consideration as soon as possible.
According to reporter Eleanor Terrett, U.S. Senator Thom Tillis (R-NC) stated that he is prepared to move the “Clarity for Stablecoins Act” into the markup phase and will request the chair to schedule a markup session. Tillis noted that most banking-sector concerns regarding stablecoin yield have been heard and addressed, and he welcomes other stakeholders to engage in good-faith collaboration. Regarding timing, Tillis aims to release the stablecoin yield-related legislative text 4–5 days after stakeholders’ preview and before the markup.
TD Cowen: The Crypto Bill “Clarity for Digital Tokens Act” Faces Five Major Obstacles, Passage Outlook Uncertain
According to The Block, Jaret Seiberg, Managing Director of the Washington Research Group at investment bank TD Cowen, stated that stablecoin yield issues are not the sole obstacle to the passage of the Clarity Act—and cited the following five additional hurdles: 1. A severe shortage of Commodity Futures Trading Commission (CFTC) commissioners: only Chairman Michael Selig remains in office, and the process to appoint new commissioners could take several months, while the bill must complete its review by the end of July; 2. Complex regulatory questions surrounding prediction markets—including concerns about insider trading and potential conflicts of interest involving the Trump family—which may prompt Democratic lawmakers to withdraw their support via related amendments; 3. Ongoing controversy surrounding World Liberty Financial, a cryptocurrency project affiliated with the Trump family, increasing political resistance from Democrats toward supporting the bill; 4. Reports indicating Iran is discussing requiring vessels transiting the Strait of Hormuz to pay tolls in cryptocurrency—a development that could trigger contentious anti-money laundering (AML) amendments, potentially serving as a “poison pill” for the bill; 5. Risk that the Credit Card Competition Act could be attached to the Clarity Act, jeopardizing the entire bill’s progress. Regarding stablecoin yield issues, Senator Thom Tillis indicated that the Senate Banking Committee will not vote on the bill until as early as May. TD Cowen maintains its assessment that the bill has approximately a one-in-three chance of passing this year, while Galaxy Digital estimates the probability at roughly 50%.
Clarity Act Stablecoin Yield Terms Draft Release Delayed; Ban on Yield for Idle Balances Remains in Place
According to The Block, the latest draft language of the Clarity Act concerning stablecoin yield will be delayed until next week or later. Sources familiar with the matter say the current text retains prior wording—namely, prohibiting yield generation on idle stablecoin balances held in accounts, while permitting yield from activities such as trading. Senator Thom Tillis stated that the draft text will not be made public until the Senate Banking Committee’s review timeline is confirmed. The report notes that the legislative team remains engaged in discussions with the American Bankers Association and crypto firms, and that making substantive revisions to the text at this stage would be difficult.
U.S. Senators to Unveil Revised Stablecoin Yield Draft This Week, Potentially Impacting Market Structure Legislation
According to Decrypt, U.S. Senator Thom Tillis stated that the Senate is expected to release the revised draft text on stablecoin yield distribution this week. Currently, banks and crypto firms are divided over whether cryptocurrency exchanges should be permitted to pay yields to stablecoin holders through reward programs—a dispute that has stalled the legislative progress of the Clarity Act. The White House Council of Economic Advisers recently released a report stating that banning stablecoin yields would have a negligible impact on small banks, boosting bank lending by only 0.02%. However, the American Bankers Association contends that this analysis underestimates the risks. Observers note that if the draft provisions are overly restrictive, users and liquidity could shift to other jurisdictions that permit such yields.
Tillis to Release Draft This Week to Break Deadlock on Stablecoin Yield in the Clarity Act
According to The Block, U.S. Republican Senator Thom Tillis stated that a draft bill aimed at resolving the long-standing dispute between banks and crypto firms over stablecoin yield—under the “Clarity for Payment Stablecoins Act” (the “Clarity Act”)—will be publicly released this week. Tillis co-drafted the provisions with Democratic Senator Angela Alsobrooks. The draft has already undergone review by both banking and crypto industry stakeholders, though banks remain opposed. Tillis indicated he is open to further revisions of the text. The issue of stablecoin yield represents the central point of contention in the Clarity Act: banks fear that permitting crypto firms to pay interest on idle stablecoins would trigger massive deposit outflows, while crypto enterprises such as Coinbase argue that banning such interest payments would stifle innovation. Additionally, Tillis proposed hosting a “Crypto Summit” to bring all stakeholders to Capitol Hill for negotiations toward a resolution. The Clarity Act has not yet advanced through the Senate Banking Committee and remains far from final enactment.
Circle CEO: Did Not Freeze USDC in Drift Hack Due to “Moral Dilemma”
According to The Block, Circle CEO Jeremy Allaire responded at a press conference in Seoul, South Korea, to criticism over Circle’s decision not to freeze the stolen USDC involved in the Drift incident. He stated that Circle fulfills its legal obligations and freezes wallets only upon instruction from law enforcement agencies or courts; unilaterally freezing assets would constitute a “major ethical dilemma.” He also revealed that Circle is engaging with U.S. legislative bodies regarding the Clarity Act, seeking to establish a “safe harbor” mechanism for stablecoin issuers in extreme circumstances—but emphasized that any such authority must be explicitly granted through legislation, not exercised unilaterally by the company.
Related news
Polymarket probability of “CLARITY Act takes effect in 2026” rises to 67%, up 21% in 24 hours
The Odaily Seer Prophecy Channel monitors that the probability of Polymarket's "CLARITY Act takes effect in 2026" has risen to 67%, up 21% in 24 hours.The event contract rules state: If the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law before 11:59 PM Eastern Time on December 31, 2026, the outcome is "Yes"; otherwise, it is "No." The primary source of information is the Congress.gov website (https://www.congress.gov/bill/119th-congress/house-bill/3633) and other official U.S. government information, although other reliable reports may also be referenced.Coinbase has indicated that key disagreements regarding stablecoin holding yield provisions have been resolved with traditional banking institutions, clearing the way for the U.S. Senate to advance the crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily due to concerns over capital outflows from the deposit banking system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final plan, while adding some restrictions, still preserves room for users to earn rewards through crypto platforms and networks based on actual usage scenarios. This development is expected to push the CLARITY Act toward a voting process in the Senate Banking Committee.The Odaily Seer Prophecy Channel continues to monitor the prediction market, seeing changes before pricing.
Coinbase: Agreement Reached with Banks on Stablecoin Yield Terms, Senate Crypto Bill Poised to Advance
Coinbase stated a key disagreement over stablecoin yield provisions has been resolved with traditional banks, clearing a path for the U.S. Senate to advance a crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily over concerns about funds flowing out of the bank deposit system. Coinbase Chief Policy Officer Faryar Shirzad said the final compromise, while adding some restrictions, still preserves users' ability to earn rewards through crypto platforms and networks based on actual use cases. This progress is expected to move the "Clarity Act" toward a vote in the Senate Banking Committee, further clarifying the regulatory responsibilities of the SEC and CFTC over crypto assets. (Bloomberg)
The U.S. CLARITY Act’s new draft text permits crypto companies to offer stablecoin rewards while safeguarding banks’ interest-bearing deposit businesses.
A compromise text of the Clarity Act, agreed upon by members of the U.S. Senate Banking Committee, was released on Friday. The text allows crypto companies to continue offering stablecoin reward programs but prohibits them from providing stablecoin yields that function as or are economically equivalent to bank deposits.
U.S. Senator Tillis: The Clarity Act has made significant progress and will prompt the committee to schedule consideration as soon as possible.
According to reporter Eleanor Terrett, U.S. Senator Thom Tillis (R-NC) stated that he is prepared to move the “Clarity for Stablecoins Act” into the markup phase and will request the chair to schedule a markup session. Tillis noted that most banking-sector concerns regarding stablecoin yield have been heard and addressed, and he welcomes other stakeholders to engage in good-faith collaboration. Regarding timing, Tillis aims to release the stablecoin yield-related legislative text 4–5 days after stakeholders’ preview and before the markup.
The U.S. Senate actually has only about 9 to 10 working weeks left to advance the Clarity Act
with the revision of the Clarity Act expected to move forward in May, the crypto industry is closely watching its legislative window before the August congressional recess. Ji Kim, CEO of the Crypto Council for Innovation, stated that the Senate has limited time remaining, and the industry hopes to get the bill to President Trump's desk for signature before August.However, after accounting for recess periods and other legislative agendas, the Senate effectively has only about 9 to 10 working weeks left to advance the bill. Currently, the bill still needs to first pass through the Senate Banking Committee, with disagreements over stablecoin yield and rewards remaining key obstacles.
U.S. Cryptocurrency Market Structure Bill Faces Roadblocks; Critical Timeline May Be in May
According to CoinDesk, the U.S. cryptocurrency market structure bill—the Clarity Act—has seen no significant public progress over the past month and is not expected to achieve a breakthrough in April. The report notes that if the bill is to pass before the election, May 25—Memorial Day—is viewed as a critical milestone for advancement; after that date, members of Congress will gradually shift into campaign mode, leaving less time for legislative work. At present, it remains unclear whether the Senate Banking Committee will move forward with related hearings. Issues such as stablecoin yields and other outstanding matters have also yet to be publicly resolved. Even if these disagreements are addressed, the House of Representatives would still need to vote on the bill again.