The US Senate Banking Committee is poised to vote on the CLARITY Act, a package designed to clarify how the crypto industry fits within US regulation. Senate Banking Committee chair Tim Scott confirmed the bill will go to a markup on Thursday, a decision that could set the tone for the next phase of crypto policy in Washington. The legislation, first introduced in July 2025, stalled earlier this year after Coinbase withdrew its support, citing concerns including insufficient protections for open-source software developers, a prohibition on stablecoin yield, and unsettled DeFi regulation. Proponents argue the CLARITY Act would anchor consumer protections and spur domestic innovation, while critics warn the framework could fail to address the rapid evolution of the technology. As the industry mobilizes behind a path to practical rules, the timing of the markup will test whether lawmakers can assemble bipartisan backing for a measure with far-reaching implications for developers, exchange...
The US CLARITY Act, a bipartisan effort to bring greater regulatory clarity to the crypto sector, is poised for a Senate Banking Committee vote this week. The bill aims to define a clear national framework for digital assets, covering who regulates what, how licenses are issued, and what standards apply to exchanges, issuers, and related financial services providers. After months of momentum stalled by opposing views and concerns, the committee’s markup could signal whether a broader bipartisan path exists for a major overhaul of U.S. crypto regulation. On Friday, Senate Banking Committee chair Tim Scott confirmed the legislation will proceed to a vote on Thursday, a development that has drawn intense attention from industry participants, policymakers, and compliance teams awaiting a definitive markup date. Introduced in July 2025, the CLARITY Act has been closely watched as a potential backbone for U.S. crypto regulation, though it faced skepticism and calls for refinements from sever...