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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/10/2026

Senate Banking Committee Schedules CLARITY Act Markup for May 14

What happened: The Senate Banking Committee set a markup session for the Digital Asset Market Clarity Act on Thursday, May 14, 2026, at 10:30 a.

Senate Banking Committee Schedules CLARITY Act Markup for May 14

What happened: The Senate Banking Committee set a markup session for the Digital Asset Market Clarity Act on Thursday, May 14, 2026, at 10:30 a.m., ending months of stalled progress since a January postponement. The bill aims to define jurisdictional boundaries between the SEC and CFTC for digital assets. Industry sources indicate stablecoin yield provisions were the major sticking point, with crypto firms backing a compromise that allows stablecoin rewards while protecting traditional banking yield.

Why it matters: The White House is targeting July 4 for CLARITY Act passage, but the legislative window is narrowing with the August congressional recess approaching. The bill's progress represents a critical test of whether comprehensive crypto regulation can advance in a divided political environment, with banking groups warning that stablecoin rewards could threaten traditional deposit funding.

Source: CoinDesk