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Senate Banking committee to consider CLARITY Act markup on Friday
The Senate Banking Committee is set to notify members on Friday about upcoming amendments to the CLARITY Act, the long-awaited legislation aimed at establishing a federal regulatory framework for cryptocurrencies and stablecoins. The committee has already circulated a draft of the bill text to select industry representatives.
Highlights
- Senate Banking Committee to hold markup of CLARITY Act as soon as Friday.
- Draft text has been shared with key industry stakeholders.
- Probability of passage in 2026 estimated at 65% by Polymarket.
- President Trump may sign the bill by July 4.
Markup process underway
According to Eleanor Terrett, former Fox Business correspondent, the committee is finalizing a compromise version, particularly on the contentious issue of stablecoin yield.
Senators Tom Tillis and Angela Alsobrooks are leading efforts to reach an agreement. An official markup session is expected to be scheduled shortly, with a potential full Senate vote as early as next week.
Broad support for the bill
A recent HarrisX poll showed strong bipartisan backing for the legislation, with 52% of voters in favor and only 11% opposed. Robinhood CEO Vlad Tenev noted that there is now real momentum to bring the CLARITY Act across the finish line.
White House crypto advisor Patrick Witt and Senator Bernie Moreno indicated that President Trump could sign the bill by July 4.
Betting platform Polymarket currently gives a 65% probability that the legislation will be enacted this year.
CLARITY Act nears decisive stage in Senate
The advancement of the CLARITY Act represents a significant step toward providing regulatory clarity for the cryptocurrency industry in the United States.
After months of negotiations and delays, the bill’s progress through the Senate reflects growing bipartisan consensus on the need for clear rules governing digital assets.
If passed, the legislation could substantially improve legal certainty for companies and investors while strengthening America’s competitive position in the global digital finance landscape.
In an earlier report, we noted that TRUMP memecoin called major barrier to CLARITY Act.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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