Donald Trump · CLARITY Act · US Senate · Cynthia Lummis · 99Bitcoins
In CLARITY Act news today, the Senate Banking Committee rolled out the final draft text of the Digital Asset Market Clarity
Compiled by KHAO Editorial — aggregated from 5 sources. See llms.txt for citation guidance.
✓ KHAO Verified
In CLARITY Act news today, the Senate Banking Committee released the final draft text of the Digital Asset Market Clarity Act on May 12, 2026, two days before a scheduled May 14 committee markup, and for the first time, crypto investors can see precisely what rules Washington wants to impose on the exchanges, stablecoins, and DeFi platforms they use every day.
Key facts
- DISCOVER: 99Bitcoin’s Readers, Earn $10 USDC When You Sign Up for Binance
- Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH) have warned that a failure to advance before that deadline could push meaningful reconsideration to 2030 or beyond, not next session, not next
- Provision 5: Joint SEC-CFTC Regulations The SEC and CFTC will develop joint rules for digital asset portfolio margining and modernize recordkeeping standards, aiming to resolve the jurisdictional
- The bill covers everything from how banks can hold digital assets to whether your stablecoin app can pay you interest, and several lawmakers believe it could land on President Donald Trump’s desk
Summary
The bill covers everything from how banks can hold digital assets to whether your stablecoin app can pay you interest, and several lawmakers believe it could land on President Donald Trump’s desk before July 4, 2026. Think of the CLARITY Act like a zoning code for a neighborhood that’s been operating without one. This bill draws the property lines, defining who needs a license, who’s protected, and who has to follow new safety standards.