‘We need more time’ – CLARITY Act delay sends approval odds to a 3-month low

Lawmakers delayed the scheduled April markup of the CLARITY Act to May after Senator Thom Tillis urged more time to build consensus, following industry pushback against a stablecoin yield deal. The postponement prompted markets to reprice the bill’s chances: prediction market Polymarket cut passage odds to a three‑month low (45%) before a modest recovery to 48%. Measured from a February peak of 82%, the shift signals heightened uncertainty about the bill clearing before the November midterms and raises the risk it could slip to 2027 if banks continue to hold out. Crypto lobby groups urged the Senate Banking Committee to proceed quickly, but political timing and industry opposition have weakened near‑term approval prospects.