Historic Agreement on Capitol Hill

Crypto and banking sectors in the US are meeting on Capitol Hill this week. An “agreement in principle” reached last week between Senators Thom Tillis and Angela Alsobrooks and the White House has removed the biggest obstacle to the Digital Asset Market Clarity Act (CLARITY Act).

Passive yield is prohibited, while activity-based rewards (for payments, transfers, or usage) are allowed. This formula both alleviates banks' concerns about deposit flight and protects crypto innovation.

The CLARITY Act passed the House of Representatives by a large margin in 2025. The Senate deadlock is being resolved with this agreement. The crypto sector will meet with the Senate Banking Committee on Monday, and banks on Tuesday. A markup session is expected in mid-April; the likelihood of the law passing in 2026 is now very high.

Total market capitalization has reached $316 billion (a sixfold increase in five years). Tether leads with a 58% share, followed by USDC in second place. Transaction volume exceeded $33-34 trillion in 2025.

This week's discussions on Capitol Hill are formalizing the long-awaited reconciliation between crypto and traditional finance. With the passage of the CLARITY Act, stablecoins will gain clear rules, solidifying US global leadership. Trump's support accelerated the process; the sector is finally achieving "clarity."
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