Trump’s Crypto Adviser Says Stablecoin Yield Deal Is “Close” as March 1 Deadline Looms

The development of the CLARITY Act framework gained steam following a breakthrough in stablecoin yield discussions. The progress follows the steps the White House, crypto leaders and banks are making to reach an agreement before the March 1 deadline.

CLARITY Act Stablecoin Yield Dispute Almost Resolved

President Donald Trump’s digital assets adviser Patrick Witt said that the recent closed-door meeting was a big step forward. He added that one of the most disputed provisions in the crypto market bill is near resolution by the negotiators. Witt believes the deadline can be reached if discussions continue in good faith.

Coinbase Chief Legal Officer Paul Grewal, also said that negotiations on the CLARITY Act were constructive and cooperative. He noted that there was greater progress made and that more updates would follow.

Ripple CEO, Brad Garlinghouse, stated the chances that the crypto market structure bill will be signed by April were 80%. Garlinghouse, who was interviewed on Mornings with Maria on Fox Business, also said his timeline may be viewed as being a bit of a stretch by some observers. But he believed that the crypto leadership at the Whitehouse assures him that the CLARITY Act will be enacted in the near future.

Ripple’s Chief Legal Officer Stuart Alderoty confirmed that negotiators also discussed certain language in the crypto bill during the meeting. He thanked Patrick Witt for assisting to continue talks regarding the matter. He said that work will continue in the days to come to make the final text right and make the United States the crypto innovation hub of the world.

Polymarket Odds Show Increasing Confidence

Prediction markets are showing an increasing expectation towards the crypto market bill being signed into law this year. The current odds that the CLARITY Act will be passed in 2026 on Polymarket stands at 71%. It moved six points higher than it was after the recent update on the negotiation by Witt.

As the CLARITY Act discussions remains ongoing, SEC Chair Paul Atkins presented a roadmap of multi-step regulation for the crypto market. In the roadmap, the proposal for SEC rulemaking and exemptions is suggested. This would act as a bridge until the crypto bill is passed.

Discussing the CLARITY Act matter in an interview with CNBC, Coinbase CEO Brian Armstrong, declared there had been “great progress.” Senator Bernie Moreno also stated in the same interview that the crypto bill would pass Congress “hopefully by April.”