The US Congress is entering its Easter recess without advancing the CLARITY Act. Multiple pieces of cryptocurrency legislation remain unresolved despite months of negotiations in Washington, DC.
US Congress Enters Easter Recess with Crypto Bills in Limbo
27 March 2026 - 21:09 CET
By Ana Pereira
Lawmakers in both the House and Senate will depart at the end of 27 Mar for a two-week break. Disagreements over stablecoin rewards and broader legislative trade-offs continue to stall progress, even after an “agreement in principle” was announced on 20 Mar.
Rewards dispute stalls progress
At the core of the impasse is whether stablecoins should be allowed to offer yield to users. This point of friction between traditional banks and crypto firms has delayed the bill for months.
David Duong, Coinbase global head of investment research, said on X that the base case is to resolve the rewards language over the next three weeks alongside other open issues. These include the design of a regulatory “front door” at the US Securities and Exchange Commission before a markup is rescheduled at the Senate Banking Committee.
A revised framework disclosed on 24 Mar would ban yield paid solely on passive balances, while allowing a narrower set of activity-based rewards tied to payments or platform usage. The crypto industry is now preparing a coordinated counterproposal.
Fragile progress in Washington
The latest push builds on an agreement in principle reached on 20 Mar by Senators Thom Tillis and Angela Alsobrooks alongside White House officials. However, Republicans are pushing back on a Senate-backed effort to attach community bank provisions from a housing package to the crypto bill, a move that could further complicate its path forward .
The delay leaves the industry waiting for clarity on stablecoins and market structure as Congress returns after the break.
