Reports indicate that investment bank TD Cowen has warned that the CLARITY Act may not be passed until 2027 and could take effect in 2029.
Legislators and deadlines
The bill’s timeline is tight. Alex Thorn of Galaxy Digital said that if the CLARITY Act is not approved by committee by the end of April, the chances of passage in 2026 would drop sharply.
Senate leaders have signaled that other items will take priority, leaving little room for complex compromise.
Many expect the stable rewards debate to play out. Banks and crypto companies remain divided over whether the rewards generated by stablecoins undermine traditional banking models.
Some lawmakers and lobbyists are already taking hard lines; compromise will be necessary for any bill to pass.
if CLARITY is not passed by committee by the end of April, the chances of passing in 2026 become extremely low. this must happen in the Senate at the beginning of May… speaking time is limited and the chances diminish with each passing day
the current framework is that the stablecoin dispute… pic.twitter.com/tEejEsmUi9
– Alex Thorn (@intangiblecoins) March 14, 2026
Top lawmaker says both sides should give ground
Officials said members of the Senate Banking Committee expect give-and-take. A prominent Democrat on the panel warned that neither side will likely be fully satisfied, but that negotiations must continue to make progress.
Timing is also a political problem. One senator said publicly that the House would not act until April because it had other priorities, and the compressed timetable made a late push risky.
At the same time, US President Donald Trump criticized banks for slowing the bill’s progress, increasing public pressure for the measure to pass.
BTCUSD trading at $71,469 on the 24-hour chart: TradingView
Crypto Regulations: Timeline Could Stretch For Years
Some analysts expect the process to extend beyond the next election cycle if consensus cannot be reached soon. This prospect raises the possibility that a market structure package could be delayed for several sessions of Congress, or reworked under new leadership.
According to statements from a pro-crypto senator, there is still hope that the bill could clear Congress by April – but that hope depends on quick committee action and compromise on key points.
Image: IQ.wiki
What are the issues
The outcome of the bill matters far beyond Washington. Clear rules could change how institutions engage in crypto, how exchanges operate, and how stablecoins are processed.
For now, time is the clearest fact: If the CLARITY Act does not move quickly, its path will become more difficult and its timeline could extend into the next Congress.
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