Laury05

It is partially true, but the situation is more of a "tug-of-war" between big banks and major crypto players than a simple delay caused by one side.
As of January 15, 2026, the Senate Banking Committee has officially postponed its markup of the Digital Asset Market Structure bill (often referred to in the context of the CLARITY Act).1 While "big banks" played a significant role, they weren't the only ones pushing for the pause.

The Breakdown of Why It Was Delayed:
Big Banks (ABA) The American Bankers Association (ABA) and over 10,000 bankers lobbied intensely to close loopholes regarding stablecoins. They fear that if crypto firms can pay interest/yield on stablecoins, it will drain trillions from traditional bank deposits.Coinbase / Crypto Industry In a surprise move on January 14, Coinbase CEO Brian Armstrong withdrew support for the bill. He argued the current draft was "worse than the status quo," citing concerns over a ban on tokenized stocks and excessive government access to financial records.Senate Democrats Led by Senators like Sherrod Brown and Elizabeth Warren, many Democrats felt the bill lacked enough "guardrails" and consumer protections, preferring to wait for a version that is more bipartisan.
Key Points of Contention:
Stablecoin Yields: Banks want a total ban on crypto firms paying interest on stablecoins to protect their own deposit base. Crypto firms see this as a direct attack on their business model.Regulatory Turf: There is still a major fight over whether the SEC or the CFTC should have the upper hand in regulating the market.The "Status Quo" Dilemma: Major crypto exchanges would rather have no bill at all than a "bad bill" that adds heavy restrictions without providing the "clear rules of the road" they were promised.
The Verdict:
While big banks certainly applied massive pressure to change the bill's language (specifically regarding stablecoins), the delay was triggered by a simultaneous collapse in support from the crypto industry itself. Both sides are currently unhappy with the current draft for opposite reasons.