Illustration of the Senate Banking Committee advancing the crypto clarity act with a 15-9 vote.
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Senate banking committee advances crypto clarity act

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The US Senate Banking Committee voted 15 to 9 on May 14 to advance the Digital Asset Market Clarity Act. The bill now heads to the full Senate floor for further consideration.

The Senate Banking Committee released updated text for the CLARITY Act on May 12 ahead of a scheduled May 14 markup. The draft sets rules for digital assets, stablecoins, and decentralized finance while leaving ethics provisions unresolved.

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The US Senate Banking Committee is scheduled to hold a markup on the CLARITY Act on May 14, with stablecoin rewards provisions remaining a key point of contention. Banking groups are pressing for tighter limits while the White House has accused industry leaders of skipping earlier negotiations.

The White House convened its second closed-door meeting with cryptocurrency and banking industry representatives to address disputes over stablecoin yields in the stalled CLARITY Act. The discussions focused on resolving tensions that have halted the bill's progress in the Senate. Banking groups emphasized the need for innovation without risking bank deposits.

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Citi analysts report growing momentum for the CLARITY Act, a key U.S. crypto market structure bill, but highlight risks of delays beyond 2026 due to disputes over decentralized finance definitions and stablecoin rewards. The Senate Agriculture Committee has advanced its version, while the Banking Committee grapples with contentious issues. A White House meeting on February 2 aims to address stablecoin concerns.

Binance founder Changpeng Zhao forecasts a cryptocurrency 'super cycle' amid U.S. regulatory progress, including the Senate Banking Committee's markup of the CLARITY Act on January 15, 2026, following the GENIUS Act's stablecoin framework.

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The U.S. Senate Banking Committee is set to mark up the Digital Asset Market Clarity Act of 2025 on January 15, 2026, aiming to establish a federal framework for digital assets. The bill would divide regulatory oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Controversy surrounds provisions related to decentralized finance, with advocacy groups launching ads to oppose them.

 

 

 

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