The Senate Banking Committee begins markup of the Clarity Act, aiming to regulate crypto markets after resolving stablecoin yield disputes.
The Senate Banking Committee is debating and voting on amendments to the Digital Asset Market Clarity Act, a key crypto regulation bill. The markup hearing follows a compromise on stablecoin yield provisions, negotiated by Senators Thom Tillis and Angela Alsobrooks earlier this month.
The bill, released late Tuesday, must still merge with the Senate Agriculture Committee’s version, pass the full Senate, and reconcile with the House’s legislation before becoming law. Outstanding issues include an ethics provision to bar senior officials from crypto industry ties, supported by 73% of Americans in a CoinDesk survey.
If advanced, the bill would mark a significant step toward federal oversight of digital asset markets, addressing long-standing regulatory gaps.