Coinbase’s Chief Policy Officer, Faryar Shirzad, said in a Thursday interview with FOX Business that meaningful progress is being made on the long-delayed CLARITY Act, the crypto market-structure bill that has been stuck in Congress for nearly five months.
Potential Markup As Early As This MonthShirzad added that he expects Chair Tim Scott to schedule the anticipated markup as early as this month. He also said expectations are that the bill could reach a full Senate vote in May, if the committee process moves forward on the proposed timeline.
In Shirzad’s view, the resistance reflects broader efforts to defend President Trump’s vision for crypto policy in the United States—a vision the president has repeatedly described as aiming to make “America the crypto capital of the world.”
CLARITY Act Timeline WatchAccording to those reports, negotiation participants still see certain open areas that could shape the final draft, including ethics and tokenization. At the same time, the reporting indicated that some of the more contentious issues—such as DeFi and stablecoin yield—have largely been addressed already.
Senator Thom Tillis said on Monday that he is working to release bill text outlining the stablecoin yield compromise reached between banks and crypto firms sometime this week.
Featured image from OpenArt, chart from TradingView.com
