The crypto market got a boost after the passage of the CLARITY Act. US Senators Thom Tillis and Angela Alsobrooks reached a major agreement, boosting business confidence.
The price of Bitcoin rose as clarity improved. While crypto-linked stocks also rose. Now all eyes are on 21 May.
Bipartisan Deal Eliminates Big Blockade
According to a shared knowledge from Senators Thom Tillis and Angela Alsobrooks, the final agreement has been reached on one of the most controversial parts of the bill, i.e., the stablecoin award.
After months of closed-door negotiations involving the White House, banks, and the crypto industry, both sides agreed on the middle ground. Both senators made their point clear, saying,
“We respectfully agree to disagree,” indicating that compromise is final and that we are ready to move forward.
Senator Thom Tillis he explained detailed results.
“Our agreement prevents the stablecoin reward from being the same as the interest rate of bank deposits,” and also confirms that it “allows crypto companies to offer other types of customer rewards.
However, this strategy tries to alleviate the concerns from banks and crypto companies.
Why Doing This Matters in Crypto
This disagreement directly affects the concerns of traditional banks.
Banks have warned that stablecoins that offer interest-like interest could take away deposits from banks. The new law eliminates that risk by prohibiting the creation of such awards.
At the same time, the legislators pointed to balanced methods, saying that the purpose is to “encourage tolerance and avoid allowing the perfect to be the enemy of the good.”
This means that crypto companies still have the opportunity to innovate, while the financial system is protected.
Crypto Market Reacts Fast to Positive Signings
The crypto market responded almost immediately. Bitcoin passed $81,000, and crypto-related stocks, including Coinbase (COIN)MicroStrategy (MSTR), and Circle (CRCL), rose 4% to 8%. The meeting shows how the market is affected by the clarity of the rules.
The prediction markets also reflect this change. Polymarket reports that the probability of the CLARITY Act becoming law in 2026 has jumped to 70%, from 42% previously.
What Happens Next?
That gives the Clarity Act a window of about two weeks before Congressional Memorial Day ends on May 21.
If the investment does not happen before the deadline, the political calendar could push the full amount to continue until 2026.
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