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US Senate Drops 309-Page Crypto CLARITY Act Draft Ahead of May 14 Vote
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The U.S. Senate Banking Committee has released a 309-page updated draft of the CLARITY Act as the landmark crypto market structure bill heads toward a formal markup vote on May 14, 2026.
Key facts
- The Digital Asset Market Clarity Act, commonly called the CLARITY Act, moved significantly closer to becoming law this week after the Senate Banking Committee published a revised 309-page draft, 31
- The U.S. Senate Banking Committee has released a 309-page updated draft of the CLARITY Act as the landmark crypto market structure bill heads toward a formal markup vote on May 14, 2026
- Senate Banking Committee’s 309-page CLARITY Act draft targets a May 14 markup vote
- Passage on May 14 would send the CLARITY Act to a full Senate floor vote before end of 2026
Summary
The U.S. Senate Banking Committee’s 309-page CLARITY Act draft targets a May 14 markup vote. The bill assigns SEC authority over new token sales and CFTC control over all secondary trading. Passage on May 14 would send the CLARITY Act to a full Senate floor vote before end of 2026.