The Senate Banking Committee scheduled a May 14 markup for the CLARITY Act, setting up the Senate’s first formal committee debate over digital asset market structure legislation. The executive session will allow lawmakers to debate amendments and determine whether the bill advances toward a full Senate vote.
Key Takeaways:
Senate Banking scheduled a May 14 markup for the CLARITY Act at 10:30 a.m.Committee members will debate amendments before deciding whether the crypto bill advances further.Industry groups say the markup could advance long-delayed federal digital asset market structure rules.Industry voices quickly lined up behind the CLARITY Act after the Senate Banking Committee scheduled its May 14 markup, framing the session as a long-awaited opening for federal digital asset rules following months of Capitol Hill negotiations.
CLARITY Act Would Set Rules for Crypto Oversight“Big step forward … Clear market structure rules are essential for protecting consumers, supporting innovation, and ensuring this technology develops in the United States rather than offshore.”
