CLARITY Act: Can Lawmakers Finalize the Crypto Bill by May?

Key Insights:

• Bernie Moreno says the CLARITY Act could be completed by the end of May, boosting optimism.
• Stablecoin yield disputes and banking opposition continue to slow progress.
• Odds of passage on Polymarket rise to 46%, but uncertainty remains.

The CLARITY Act is once again at a turning point, as lawmakers are aiming to finalize the crypto bill by May after multiple delays. In the latest update, Senator Bernie Moreno expressed confidence that the crypto bill could be completed by the end of May.

However, as stablecoin yield disputes persist, the industry remains doubtful about the bill’s passage by May-end. Now one question remains- can lawmakers push the CLARITY Act across the finish line, or is another setback inevitable?

Will the CLARITY Act Meet Its May Deadline?

In her latest X post, Fox Business’ Eleanor Terrett shared insights on Senator Bernie Moreno’s comments on the CLARITY Act timeline. Speaking at a recent event in Washington, the senator expressed confidence in the progress of the crypto bill. He stated, “I think we’re going to get it done by the end of May.”

CLARITY Act Update | Source: X

Moreno also warned that missing the May window could push crypto legislation off the table for the foreseeable future. He added that if the CLARITY Act fails to move forward soon, it risks being sidelined by a packed political calendar and the approaching election cycle.

Fears Grow Over Crypto Bill Delay

These comments come at a time marked by increased uncertainty about the CLARITY Act’s imminent passage. Although Moreno’s statement brought some hope, the industry is still doubtful about the passage.

This is due to the ongoing debate on the stablecoin yield program. The banking groups fear the collapse of the traditional financial system due to stablecoin yields. At the same time, crypto leaders urge the rewards program for innovation and growth.

Responding to these issues from the banking side, Moreno downplayed them, calling them “just noise.” Indeed, he referred to them as “completely fake.” He encouraged the banks to innovate rather than resist the inevitable, indicating a crypto-friendly approach amid the discussions.

Nevertheless, despite his optimism, there is still uncertainty. A spokesman for Moreno refused to comment on whether the markup could be shifted to next month.

Markup Delays Put CLARITY Act at Risk

The CLARITY Act, designed to bring clear rules to the crypto market structure, remains stuck in the Senate despite earlier momentum. A delay in the markup process is now raising fresh concerns. This is because it could push the timeline further and reduce the chances of a timely passage.

The biggest hurdle right now is the pending markup. Without this crucial step, the bill cannot advance to a full Senate vote. As a result, even a short delay in scheduling could significantly impact the overall timeline, making the coming weeks critical for the bill’s future.

This lack of clarity has added to industry concerns, as the timing of the markup is crucial for the bill’s progress. Without a confirmed schedule, doubts persist about whether lawmakers can realistically meet the May deadline.

Crypto Bill Passage Odds on Polymarket Rise

It is worth noting that the odds of the CLARITY Avt passing in 2026 on the prediction platform Polymarket rose from 38% to 46%. This surge comes after Senator Bernie Moreno expressed confidence about completing the bill by the end of May. This shows that even small positive updates are influencing expectations across the crypto space.

CLARITY Act Odds | Source: Polymarket

Still, the situation remains uncertain. While the increased odds reflect growing optimism, they do not guarantee that the bill will move forward smoothly. Investors and industry participants are closely watching every update, as delays in the legislative process can quickly shift sentiment again.

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