CLARITY Act Heads to Key Senate Banking Committee Vote on May 14
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Senate Banking Committee set markup for the Digital Asset Market Clarity Act on May 14, 10:30 AM EST, signaling imminent legislative action on crypto regulation. Bill gives CFTC primary oversight of digital commodities while preserving SEC authority over securities, creating regulatory clarity that could boost market confidence for crypto, CEXs/DEXs and DeFi but maintains enforcement risk for tokens deemed securities. Banking lobby pushed last‑minute yield changes but a Senate aide dismissed them, indicating limited influence on the draft and a potential quick committee passage.
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- Senate Banking Committee schedules CLARITY Act markup vote for May 14 at 10:30 AM.
- The bill gives CFTC primary oversight of digital commodities while SEC retains securities authority.
- Banking lobby groups pushed last-minute yield changes, but a Senate aide dismissed them.
The Senate Banking Committee has scheduled a markup vote for the Digital Asset Market Clarity Act on Thursday, May 14, at 10:30 AM EST in the Dirksen Senate Office Building. The date is confirmed, and the crypto industry is paying close attention.
Senator Cynthia Lummis wasted no time responding. “Let’s pass the Clarity Act out of the Banking Committee on Thursday,” she posted immediately after the announcement.
— Eleanor Terrett (@EleanorTerrett) May…
NEW: @BankingGOP Committee markup of the Clarity Act set for Thursday, May 14 at 10:30 AM EST. https://t.co/epKcnYtXmq pic.twitter.com/hRT714JdwN
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