CLARITY Act Nears Markup in April: Cryptocurrency Industry Braces for Change

The US government's efforts to regulate the cryptocurrency market have reached a crucial phase with the upcoming CLARITY Act markup in April 2026. The bill aims to provide regulatory clarity for the industry, which has been plagued by uncertainty and conflicting regulations from various authorities.

One of the main focuses of the CLARITY Act is the division of authority between regulators such as the SEC and CFTC. With a clearer structure, it is expected that the crypto market can develop with better legal certainty.

However, the bill comes with significant compromises, including the removal of passive yield features on stablecoins. This means that users will no longer be able to earn interest on their stablecoin holdings, and activity-based rewards such as platform usage or transactions will be limited.

On the other hand, the CLARITY Act brings positive news for the decentralized finance (DeFi) sector. The bill provides protection to non-custodial developers and protocols, which will not be treated as financial institutions like banks.