CLARITY Act Update: Senate Banking Committee to Notice a Crypto Bill Markup by Friday
Highlights
- US Senate Banking Committee to notice a markup for CLARITY Act as soon as Friday.
- The legislative text is still to be finalized and committee voting is expected on May 14.
- The latest legislative text receiving strong bipartisan support for passing the crypto bill.
The U.S. Senate Banking Committee is preparing to notice a markup for the CLARITY Act by Friday, advancing the crypto bill after months of delays. The committee has circulated draft legislative text to banks and crypto industry leaders ahead of a possible vote next week.
US Senate Banking Committee to Set Markup Notice for CLARITY Act
The US Senate Banking Committee is preparing to notify members about a markup for the CLARITY Act as soon as today, according to an X post by former Fox Business reporter Eleanor Terrett.
The committee has already circulated draft legislative text to select representatives from the banking and crypto industries. This comes as Senators Thom Tillis and Angela Alsobrooks finalize a stablecoin yield compromise.
The Senate Banking Committee is likely to announce the official date for the meeting ahead of a potential vote as soon as next Thursday. It follows months of delays due to negotiations over key provisions, especially related to stablecoin yields and rewards.
During the potential CLARITY Act markup next week, members will finalize the legislative text after reviewing, amending, and editing language before the crypto bill goes to the full Senate vote. According to Terrett, additional edits are expected to reflect priorities from Democratic offices.
Positive Support for the Crypto Bill Legislative Text
Industry sources have revealed that the current language is receiving overall positive feedback. However, some bracketed sections of the CLARITY Act remain under discussion, with banks still opposing the stablecoin yield compromise.
As CoinGape reported, HarrisX’s national survey revealed strong bipartisan support for passing the CLARITY Act. Notably, 52% of voters support the crypto bill, with just 11% opposing it. Moreover, the majority of Democrats, Republicans, and Independents are urging clear crypto regulations and strong customer protections.
White House crypto advisor Patrick Witt stated that the poll is a must-read for every policymaker and elected official working on the CLARITY Act. Meanwhile, Witt and Senator Bernie Moreno confirmed that President Trump could sign the crypto bill into law by July 4.
Polymarket data shows there’s currently a 65% chance the CLARITY Act is signed into law this year. Robinhood CEO Vlad Tenev said “There’s real momentum now to finally get CLARITY across the finish line. One more small push and we establish the legislative foundation to ensure American dominance in digital finance.”
There's currently a 65% chance the Clarity Act is signed into law this year.https://t.co/VsiE1cHKo1
— Polymarket Money (@PolymarketMoney) May 7, 2026
Also Read: Best Crypto Tools for Research and Analysis in 2026
Instant Currency Exchange at BestChange with Ease
- Compare Rates Across 1000+ Exchanges
- Access 250+ Cryptocurrencies & Pairs
- Save Time with Real-Time Price Tracking
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
