U.S. Senate Banking Committee Schedules May 14 Markup on CLARITY Act

The U.S. Senate Banking Committee has set a markup session for the Cryptocurrency Market Structure Act—known as the CLARITY Act—for Thursday, May 14 at 10:30 a.m. ET, according to cryptocurrency journalist Eleanor Terrett on May 9. The markup is a key procedural step, with committee members expected to vote on the bill text and any proposed amendments. Draft language has already been circulated to a select group of industry stakeholders, and the text remains under revision, with updates anticipated to reflect priorities from Democratic offices. If approved in committee, the Banking Committee's portion would be combined with elements under the Senate Agriculture Committee's jurisdiction to form a full package for consideration by the entire Senate. The crypto industry is broadly treating the move as meaningful progress toward a clearer U.S. regulatory framework for digital assets.