Crypto executives and analysts said the Clarity Act is approaching a critical make-or-break phase, with growing bipartisan momentum increasing the odds of major U.S. crypto market structure legislation passing this year. Industry leaders including Matt Hougan argued stablecoins are on track to reach "multiple trillions" in value.

TD Cowen raised the probability of the bill passing to 40% from 33% while Benchmark said the Clarity Act will need more Democratic support.

Senate Banking Committee advances CLARITY Act May 2026, pushing U.S. crypto market structure law toward a full Senate vote and approval.