Coinbase adviser forecasts May CLARITY Act markup, June floor timeline

A Coinbase executive and crypto adviser predict the Senate Banking Committee will hold its markup on the Digital Asset Market Clarity Act this month, leaving time for a potential Senate floor vote in June as lawmakers target July 4 passage.

Patrick Witt, a crypto adviser, stated that the Senate Banking Committee plans to conduct its markup during May. This schedule would leave four working weeks in June for the bill to reach the Senate floor, he said. The forecast aligns with earlier reports that the panel is preparing for a bipartisan markup the week of May 11, following compromises on stablecoin provisions.

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Senate banking committee members in a formal hearing room debating cryptocurrency legislation.
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Senate banking committee to mark up clarity act next week

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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 will hold a markup hearing on the Digital Asset Market Clarity Act of 2025 on Thursday, May 14, at 10:30 a.m. The session comes after months of delays over stablecoin provisions and other issues.

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More than 200 crypto companies and organizations sent a letter to Senate leaders on June 7 calling for an immediate floor vote on the CLARITY Act. The push follows the Senate Banking Committee's 15-9 bipartisan approval of the bill on May 14. Prediction markets have lowered odds of passage before August.

Bitcoin exchange-traded funds saw sharp outflows of $648.6 million in the days following a key Senate committee vote on cryptocurrency legislation. The reversal came despite the advance of the Digital Asset Market Clarity Act, which had offered a policy boost to the sector. Prices for the leading cryptocurrency fell from above $81,000 to around $77,200.

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Ripple Labs CEO Brad Garlinghouse stated that the U.S. Senate's crypto market structure bill, known as the Clarity Act, remains uncertain despite a recent stablecoin compromise. Speaking at Consensus 2026 in Miami Beach, he emphasized that a Senate Banking Committee hearing this month is crucial for its advancement. Without it in the next two weeks, the bill's chances could drop sharply.

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