The U.S. Senate Banking Committee was originally scheduled to review the Digital Asset Market Clarity Act (CLARITY Act) on January 15, 2026, but the hearing was postponed due to Coinbase withdrawing support. The bill aims to clarify the regulatory authority of the SEC and CFTC over digital assets, but the core controversy centers on the restrictions on stablecoin yield: prohibiting exchanges from offering interest rewards to users holding stablecoins, which directly impacts Coinbase's $1.4 billion annual interest business model. Traditional banks are concerned that such operations constitute "high-yield deposit gathering," while the crypto industry argues that restrictions will weaken DeFi competitiveness and cause the U.S. regulatory framework to lag behind overseas markets. The Senate Agriculture Committee's version, the Digital Commodity Intermediary Act, focuses on CFTC regulation of the spot market, but disagreements remain between parties on the division of responsibilities between the SEC and CFTC, as well as on thresholds for tokenized securities. The bill's delay may result in the U.S. becoming one of the few major markets lacking clear crypto regulation rules by 2026, causing Bitcoin's price to fall back to around $95,000.