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The Banks Are Winning One Battle. Here Is What That Means for the Other.

The Banks Are Winning One Battle. Here Is What That Means for the Other.

The CLARITY Act is stalled in the Senate. Banks rejected the White House’s own compromise on March 5. At the same time, crypto firms are rushing to get OCC trust bank charters. These two stories are the same story.

 


 

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Two Fights, One War

On March 5, 2026, the American Bankers Association formally rejected a compromise the White House had spent weeks brokering on the CLARITY Act, the crypto market structure bill currently stalled in the Senate. 

The US banking industry is…

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