Senate Schedules CLARITY Act Markup as Banking Lobby, Democrats Mount Resistance
Bitcoin Magazine
The Senate Banking Committee has scheduled a May 14 markup for the CLARITY Act amid significant political pressure and industry lobbying.Summary
The Senate Banking Committee is set to hold a markup session for the Digital Asset Market Clarity Act (CLARITY Act) on May 14, 2026. This legislation aims to define regulatory boundaries between the SEC and the CFTC regarding digital assets. Despite strong support from the Trump administration and key senators, the bill faces potential delays due to intense lobbying from traditional banks and a standoff with Democrats demanding additional ethics provisions concerning public officials' crypto holdings. Failure to pass the committee before the Memorial Day recess could significantly stall the bill's progress.
(Source：Bitcoin Magazine)