Clarity Act Odds Surge to 90% After White House Talks; Coinbase CEO Sees Stablecoin Deal
Coinbase executives joined a White House meeting with banking leaders, prompting Ripple’s CEO to raise Clarity Act passage odds to 90% by end-April and Coinbase CEO Brian Armstrong to foresee a “win-win” stablecoin yield compromise. Kalshi markets spiked odds of the bill passing to 85% before retreating to 46%.
1. White House Stablecoin Talks
Senior legal officers from Coinbase and Ripple joined representatives from major banks and venture firms at the White House to negotiate terms of the stablecoin yield dispute, focusing on whether users should earn interest from crypto issuers.
2. Ripple CEO Raises Passage Odds
Following the meeting, Ripple CEO Brad Garlinghouse increased his odds for the Clarity Act’s passage from 80% to 90% by end-April, reflecting what he sees as substantial progress toward legislative agreement.
3. Prediction Market Volatility
On the Kalshi exchange, traders drove odds of the Clarity Act becoming law before June up to 85% after public optimism, but those odds quickly fell back to 46%, highlighting ongoing uncertainty.
4. Coinbase CEO’s Win-Win Outlook
Brian Armstrong stated that negotiators are close to a compromise granting stablecoin yield exemptions for activities like liquidity provision and staking, which he believes will benefit crypto firms, banks and consumers alike.