The chances of the CLARITY Act being passed have jumped on prediction markets after new statements from Coinbase CEO. Brian Armstrong said that negotiations on the crypto bill have made major progress since the talks began.
Coinbase CEO Hints at CLARITY Act Progress
Polymarket data shows that traders are more confident on the passage of the crypto bill into law in 2026. The chances of the crypto bill being approved have now risen from 60% to 90%.
Source: PolymarketIn a recent interview with CNBC, Armstrong said that there has been “great progress” on negotiations for the CLARITY Act. This is particularly important, as Coinbase was the first opposer of the crypto bill draft that was set to go to markup in January. The CEO stated that they are now down to a few issues left to discuss.
Armstrong also pointed out the Senate Banking Committee’s attempt to ensure that the crypto bill passes as soon as possible.
Senator Bernie Moreno was also in the interview and projected April as a timeline for the CLARITY Act approval. “We are going to get this across the finish line, hopefully by April,” he said.
This is in close conjunction with the Ripple CEO’s prediction. Brad Garlinghouse recently said that there is an 80% chance that the crypto bill will hit the President’s desk in April.
White House Meeting Reportedly Set for Thursday
Crypto execs and banks are reportedly going to meet again on Thursday to address the current impasse on the crypto bill and the debate on stablecoin yields.
According to Eleanor Terrett, a journalist, another CLARITY Act meeting is likely to happen on February 19. However, she said nothing has been confirmed yet. Only a little over one week is left before the end-of-month deadline starts to apply for the banking and crypto industry to come up with the final terms.
This is in the wake of a statement by Patrick Witt, the executive director of the White House Crypto Council, who said that another meeting may happen as early as this week, but did not specify the day.
Source: https://coingape.com/clarity-act-odds-spike-to-90-as-coinbase-ceo-confirms-great-progress-on-crypto-bill/
