The Senate Banking Committee has scheduled a CLARITY Act markup for May 14 at 10:30 a.m. ET. Here is what the timing signals and what to watch next.
The Senate Banking Committee has scheduled a markup of the Digital Asset Market Clarity Act for Thursday, May 14, 2026 at 10:30 a.m. ET, setting the stage for the most significant crypto regulatory vote in Congress this year.
WHAT TO KNOW
- The Senate Banking Committee will hold an executive session on May 14 at 10:30 a.m. ET in Dirksen Senate Office Building 538 to consider H.R.3633, the Digital Asset Market Clarity Act of 2025.
- The bill passed the House in July 2025 by a 294-134 vote and was referred to the Senate Banking Committee in September 2025.
What the Senate Banking Committee Scheduled
The committee posted the executive session on its official schedule page, listing H.R.3633 as the sole agenda item. The markup will take place in Room 538 of the Dirksen Senate Office Building.
This is a markup scheduling update, not a final vote outcome. A markup is the committee-level process where senators can propose amendments, debate provisions, and ultimately vote on whether to advance the bill to the full Senate floor.
The CLARITY Act first cleared the House on July 17, 2025, with strong bipartisan support in a 294-134 vote. The Senate received the bill on September 18, 2025, and referred it to the Banking Committee, where it has sat for nearly eight months.
Why the CLARITY Act Markup Matters for Crypto Policy Watchers
The bill would establish a CFTC-led framework for digital commodity spot markets and intermediaries while preserving specified SEC authority over certain primary and secondary market activity. It would also create new disclosure and registration pathways for crypto projects.
According to the Congressional Research Service, the legislation would cap exempt fundraising sales at $75 million over 12 months and exclude stablecoins from the bill’s digital commodity definition. Those provisions aim to draw a clearer regulatory boundary between the SEC and CFTC, a split that has created years of uncertainty for the industry.
The markup follows months of organized industry pressure. An April 23, 2026 coalition letter from the Crypto Council for Innovation and Blockchain Association urged the committee to move forward, with signatories including Circle, Coinbase, Andreessen Horowitz, SoFi, and Ethena Labs. The letter stated that the groups “strongly encourage the Committee to swiftly move forward with a markup of digital asset market structure legislation as soon as practicable.”
According to Reuters reporting, the markup scheduling came after a compromise between Senators Thom Tillis and Angela Alsobrooks on stablecoin yield provisions. Under the reported deal, customer rewards on idle holdings of dollar-backed stablecoins would be prohibited, while rewards tied to other stablecoin activities such as sending a payment would be permitted. No public committee amendment text confirming the final language has been released.
The regulatory clarity that the CLARITY Act aims to provide comes as the broader crypto market trades in a holding pattern. Bitcoin sat at $81,309 at press time, up 0.87% over the prior 24 hours, while the Fear & Greed Index registered 47, reflecting neutral sentiment. The committee’s action on digital asset market structure legislation could shift that tone, similar to how recent court rulings on crypto governance have tested the boundaries of existing regulatory frameworks.
What to Watch Before and After the May 14 Session
The key pre-markup question is whether the committee will release the full amendment text before Thursday. The Tillis-Alsobrooks stablecoin-yield compromise has been reported by multiple outlets, but the exact legislative language remains unpublished as of press time.
According to secondary crypto media reporting, Democratic members may raise ethics-related demands that could complicate the committee vote. That dynamic bears watching alongside the substantive policy debate, though it remains unconfirmed by official committee communications.
If the bill clears committee, it would move to the full Senate floor for debate and a vote, marking a major procedural milestone for crypto legislation that has been in development since the 119th Congress began. The process mirrors the kind of regulatory milestones that have shaped market narratives around institutional crypto adoption and emerging blockchain infrastructure in recent months.
Any substantive changes to the bill’s provisions, including the CFTC/SEC jurisdictional split or the fundraising exemption cap, would need confirmation after the session concludes. BitcoinInfoNews will cover the markup outcome and any amendments that emerge from the May 14 executive session.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
