Senate panel sets Clarity Act markup as U.S. crypto market structure push resumes

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Senate sets Clarity Act markup

Highlights

Senate Banking Committee will review the Digital Asset Market Clarity Act of 2025 on May 14 after previously postponing it in January.
Crypto firms now support a compromise on stablecoin yield, addressing developer and investor protections, prompting renewed momentum for regulatory clarity.
Banking associations expressed ongoing concerns in a letter to Committee leaders, pressing for changes ahead of the White House’s July 4 target for Clarity Act passage.

May 14 committee review revives bill timeline

As first reported by CoinDesk, the Senate Banking Committee will meet on Thursday, May 14, to consider the Digital Asset Market Clarity Act of 2025, returning the bill to the agenda after a January postponement.

The move follows months of discussions over SEC and CFTC jurisdiction, consumer protections, developer protections and stablecoin rewards. CoinDesk reported last week that crypto firms back a compromise on stablecoin yield designed to help unlock the legislation.

Cody Carbone, CEO of The Digital Chamber, says the notice marks a major step toward regulatory clarity for more than 70 million Americans who use cryptocurrencies. Blockchain Association CEO Summer Mersinger also calls the markup notice an important step toward establishing clearer rules for digital asset markets, saying the work reflects prolonged engagement on difficult policy questions.

Kristin Smith, president of the Solana Policy Institute, describes the markup as a make or break moment for American leadership in financial markets. Miller Whitehouse-Levine, the group’s CEO, says the date is the first step toward giving builders and financial institutions more certainty to build onchain in the U.S.

Ji Hun Kim, CEO of the Crypto Council for Innovation, says the momentum is real and that the markup moves the U.S. closer to a framework that safeguards consumers, gives investors clearer disclosures, protects developers and supports responsible innovation.

Banking concerns remain ahead of White House target

The committee session gives Senate Banking another opportunity to move the bill before the White House’s July 4 target for Clarity Act passage. That timing keeps pressure on lawmakers and industry groups as Washington debates how to divide oversight of the digital asset sector.

Even as crypto firms welcome the hearing date, banking trade groups say they still have reservations about the legislation. In a joint letter to Senate Banking Committee leaders Tim Scott and Elizabeth Warren, a coalition of banking associations says it has continuing concerns with the bill and proposes changes to the legislative text.

Our earlier coverage of the Indiana field hearing on U.S. mining policy outlined how lawmakers and industry witnesses portrayed mining as a strategic employer and energy asset facing workforce shortages and rising compliance pressure. We noted concerns that rules such as the 2024 MSHA silica standard could increase costs and threaten closures, while witnesses argued that modern technology and clearer, long-term policy signals are critical to sustaining domestic production and safety improvements.

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