White House Backs Crypto Bill But Senate Delays Put Passage In Doubt

TLDR

• The House passed the CLARITY Act, but the Senate has not scheduled a committee markup.
• Coinbase now supports the bill, removing a major source of earlier industry opposition.
• The White House backed a compromise on stablecoin rewards, but banks still oppose it.
• Senate delays have pushed prediction market odds for 2026 passage near 50 percent.

The White House is supporting the CLARITY Act, but the bill faces a tighter path in the Senate. Lawmakers have not scheduled a markup in the Senate Banking Committee. That step is needed before the bill can move to the full Senate.

The House has already passed the measure with broad bipartisan support. Industry support has also improved in recent weeks. Coinbase, which had opposed the bill earlier, now supports it. That shift removed one key source of delay.

Senate timeline tightens as unresolved issues remain

The main problem is timing, not the broad policy framework. Senate Banking Committee Chairman Tim Scott has said there is no fixed date for action. He also pointed to three unresolved issues. Those issues are stablecoin rewards, DeFi developer protections, and internal Republican alignment.

Each issue could take weeks to settle. That has pushed the most realistic markup window into May. If the committee does not act soon, a Senate floor vote before the Memorial Day recess becomes harder. After that, the congressional calendar gets more crowded.

THIS IS THE LAST WEEK TO SAVE THE BIGGEST CRYPTO BILL IN US HISTORY.

AND IT’S STARTING TO SLIP.

A week ago, the window was clear: April 13 and April 20 were the only two weeks the Senate Banking Committee had to move the CLARITY Act.

That was the entire window.

Now we are at… pic.twitter.com/fohSOG0Wsg

— Crypto Rover (@cryptorover) April 20, 2026

Lawmakers and policy groups have warned that the midterm cycle could narrow the path further. By late summer, Congress often shifts focus toward campaigning and fewer large bills move. One industry advocate told Reuters that if the bill is not on the president’s desk by July, “that window will have been closed because of the mid-terms.”

Prediction markets appear to reflect that timing risk. Odds for passage in 2026 have fallen from earlier levels near 70 to 80 percent. Recent estimates are closer to 50 percent. That drop tracks the Senate delay more than any major change in policy support.

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White House support grows but banks still resist compromise

The White House stepped in to help bridge a dispute over stablecoin rewards. Reuters reported that the administration supported a compromise. That approach would allow rewards in some cases, such as peer-to-peer payments, but not on idle holdings.

Crypto firms have moved closer to that position. Banks, however, still object. They argue that some reward structures could draw deposits away from traditional lenders. The American Bankers Association said it had offered ideas to move the bill forward without hurting deposit stability.

The White House also received support from a report by the Council of Economic Advisers. The report challenged the claim that stablecoins would cause major deposit flight from banks. That weakened a central argument from lenders, although it did not end the dispute.

President Donald Trump also weighed in publicly. In a Truth Social post, he accused banks of trying to undermine the administration’s crypto agenda. His comments added political pressure, but they did not produce a markup date.

More Senate hurdles stand between the bill and a final vote

Even after the current dispute is resolved, other Senate issues remain. Some lawmakers want tighter rules on ethics and illicit finance. Reuters also reported that law enforcement has raised concerns about DeFi safe harbor language. That adds another point of negotiation.

The Senate Banking Committee draft must also be aligned with work from the Senate Agriculture Committee. After that, the final measure would still need floor time in a crowded Senate schedule. Other policy bills are competing for attention as well.

For now, the bill remains alive and backed by the White House, much of the crypto industry, and the House. But the Senate has not taken the next formal step. Unless a markup is scheduled soon, the bill’s strongest challenge may be time rather than opposition.