Lawmakers are accelerating efforts to advance the Digital Asset Market Clarity Act through the Senate, with a key committee markup scheduled for the week of May 11. White House and congressional officials are pushing for passage by July 4 amid ongoing negotiations over stablecoin rules and ethics provisions.
The Senate Banking Committee is preparing for a bipartisan markup on the Digital Asset Market Clarity Act during the week of May 11, according to statements from lawmakers and administration officials. Senate Banking Chairman Tim Scott and subcommittee chair Cynthia Lummis have confirmed the timeline, following a compromise reached in early May by Sens. Thom Tillis and Angela Alsobrooks on stablecoin yield provisions.
