"The Senate Banking Committee is preparing to notice a markup for the CLARITY Act as soon as tomorrow and has circulated draft legislative text to select industry members ahead of a potential Thursday vote."
"Industry sources who reviewed the draft described the overall response as positive, though unresolved bracketed sections remain a concern. Those areas involve provisions some participants had previously viewed as settled."
The Senate Banking Committee is progressing toward action on the CLARITY Act, with draft legislative text circulated to select industry members ahead of a potential Thursday committee vote. A markup notice may be issued as soon as May 8. Industry sources reviewing the draft expressed generally positive sentiment, though unresolved bracketed sections remain problematic, involving provisions previously considered settled. Democratic offices are expected to make additional edits. Key sticking points include stablecoin rewards and ethics language. The bill, which passed the House in July 2025, has faced months of Senate deadlock. Polling indicates 52% of voters support the CLARITY Act following neutral description. Lawmakers, crypto advocates, and industry executives continue pushing for a federal digital asset framework.
#clarity-act #senate-banking-committee #digital-asset-regulation #stablecoin-policy #cryptocurrency-legislation
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