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Senate Schedules CLARITY Act Markup as Banking Lobby, Democrats Mount Resistance
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After nearly a year of delays, the Senate Banking Committee scheduled a markup of the CLARITY Act for May 14.
Key facts
- The CLARITY Act, formally H.R. 3633, the Digital Asset Market Clarity Act of 2025, passed the House of Representatives on July 17, 2025, by a 294–134 bipartisan vote, with all 216 Republicans
- SEC Chair Paul Atkins publicly urged Congress on April 9 to move CLARITY to President Trump’s desk, stating that both the SEC and CFTC stand ready to implement the law the moment it is signed
- After nearly a year of delays, the Senate Banking Committee scheduled a markup of the CLARITY Act for May 14
- The May 14 session marks the Senate’s first formal committee vote on CLARITY after months of procedural slippage
Summary
The Senate Banking Committee has set May 14 as the date for its long-delayed markup of the Digital Asset Market Clarity Act, the most consequential piece of cryptocurrency legislation ever to reach this stage in Congress, as a last-minute lobbying blitz from major banks and a Democratic ethics standoff threaten to derail the bill before it clears committee. The executive session is scheduled for 10:30 a.m. at Room 538 of the Dirksen Senate Office Building in Washington, D.C., where committee members will debate amendments and vote on whether to advance the legislation to the full Senate floor. The CLARITY Act, formally H.R. 3633, the Digital Asset Market Clarity Act of 2025, passed the House of Representatives on July 17, 2025, by a 294–134 bipartisan vote, with all 216 Republicans in support and 78 Democrats crossing the aisle.