Senate Banking Committee Schedules May 14 Markup of Digital Asset Market Clarity Act

The Senate Banking Committee will meet on May 14, 2026 to consider the Digital Asset Market Clarity Act of 2025, a crypto market structure bill. The markup notice arrives after the committee postponed its planned session in January 2026. Crypto firms backed a stablecoin yield compromise last week, unlocking progress on the legislation.

The bill's advance follows months of talks on regulatory jurisdiction, consumer protections, developer protections and stablecoin rewards. The White House has set a July 4 target for Clarity Act passage. Industry leaders described the markup date as a significant development for the sector.

Cody Carbone, CEO of The Digital Chamber, said the markup notice marks “a major step” toward clarity for more than 70 million Americans who use cryptocurrencies. ” “This work reflects months of serious engagement on difficult questions, from SEC-CFTC jurisdiction to consumer protection and developer protections,” Mersinger said. S.

U.S. closer to a framework that safeguards consumers, gives investors clear disclosures, protects developers and supports responsible innovation. A coalition of banking trade associations sent a joint letter to Senate Banking Committee leaders Tim Scott and Elizabeth Warren.

The banking coalition said it still had some concerns with the bill and proposed edits to the text of the legislation. Banking groups are floating last-minute changes to a compromise on stablecoin yield. The markup gives the Senate Banking Committee another opportunity to advance the bill before the White House’s July 4 target.

Crypto industry support for the stablecoin yield compromise had been viewed as a key prerequisite for resuming committee action. The legislation seeks to address long-standing questions over which agencies oversee different aspects of digital asset markets.