The CLARITY Act, a pivotal U.S. cryptocurrency regulation bill, is under a strict 14-day deadline in the Senate, risking collapse if not advanced by the end of April. Senator Bill Hagerty confirmed the bill's entry into the Senate Banking Committee this week, but without a scheduled markup date from Chairman Tim Scott, progress remains stalled. The looming Memorial Day break and the 2026 midterm elections further threaten the bill's passage, as political focus shifts away from legislative action. A major sticking point has been the stablecoin yield dispute, which has delayed the bill for months. Banks have lobbied heavily against allowing platforms like Coinbase to offer interest-like rewards on stablecoins, fearing significant deposit losses. Despite a White House report downplaying these concerns, the banking sector's opposition remains strong. The CLARITY Act aims to establish clear regulatory boundaries between the SEC and CFTC, providing much-needed legal clarity for the crypto industry. The next two weeks are crucial for the bill's survival and potential passage by early summer.