CLARITY Act Faces Delay With No Senate Markup Scheduled in April 20 Week
Highlights
- The CLARITY Act is facing a fresh delay as the Senate Banking Committee's schedule came out.
- The scheduled markup doesn't mention the crypto bill despite tight deadlines in sight.
- Senate Banking Chairman Tim Scott previously spotlighted key reasons on why lawmakers are postponing discussions on the matter.
The Digital Asset Market Clarity Act of 2025-2026 is facing a fresh delay as the Senate Banking Committee has announced its scheduled markup for the April 20 week, which doesn’t mention this crypto bill. However, market participants remain hopeful for an update in the schedule before the end of this week.
CLARITY Act Markup Missing From Senate Calendar
The timeline for CLARITY Act’s approval is completely uncertain as the coming week acted as a major deadline for the bill. The proposed law aims to establish clear regulations for the crypto market. Nonetheless, the continuous delays have weakened market sentiment.
Now, the market awaits the Senate Banking Committee to either update its schedule for next week or add CLARITY Act markup in the April 27 week. Christopher Perkins, a member of the CFTC’s Global Markets Advisor Committee, noted that the bill still has a chance. However, he also pointed toward the tight deadline.
In a post on X, Perkins noted, “Still a chance. But, the shot clock is ticking. I remain hopeful and optimistic.” The urgency remains because if the U.S. Senate doesn’t advance the crypto bill towards a full vote before May 21 holidays begin, the approval could be postponed indefinitely.
Currently, the schedule only features a Federal Reserve nomination on Tuesday, April 21 for Kevin Warsh to join as Fed Chair. With the entire week empty, crypto stakeholders are looking forward to an update in the committee’s schedule. Moreover, Ripple CEO Brad Garlinghouse is strongly optimistic on the CLARITY Act’s passage this year.
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What Did the Senate Banking Chairman Say?
Recently, Senate Banking Chairman Tim Scott smashed the expectations of holding a CLARITY Act markup this month. He mentioned that the debate around stablecoin yield and DeFi issues is limiting the committee from advancing the proposed law.
Nonetheless, Scott also showed support for the crypto industry as he backed their claim that stablecoin rewards wouldn’t hinder bank operations. Also, with a stablecoin yield draft on the way from Senator Thom Tillis, things may turn positive soon.
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