U.S. Senate Panel to Consider Digital Asset Market Clarity Act of 2025 on May 14
The Digital Asset Market Clarity Act of 2025 aims to establish consistent rules for the U.S. cryptocurrency spot market and clarify the regulatory roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Covering token classification, trading-platform compliance and stablecoin yield arrangements, the bill is seen as a key step in U.S. digital-asset market structure legislation.
The U.S. Senate Banking Committee has scheduled a May 14 markup of the bill, reviving a market structure overhaul that had stalled. A compromise on stablecoin yields and regulatory jurisdiction has won support from several crypto industry leaders. However, lawmakers remain divided over political ethics and several amendments, leaving uncertain whether the bill can advance to a vote by the full Senate.
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The history behind this eventCLARITY Act Advances in Senate as Stablecoin Compromise Takes Shape
The CLARITY Act aims to establish a regulatory framework for the U.S. crypto asset market and clarify the division of oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Whether the bill can address stablecoin yield and rewards will affect the interests of banks and companies including Coinbase and Circle, while helping shape the institutional direction of the U.S. crypto market.
The U.S. Senate Banking Committee has released its latest draft and held a key hearing, with only 24 hours remaining before the deadline for submitting amendments. Bipartisan lawmakers are nearing a compromise over stablecoin yield, and the bill is expected to enter markup on May 11. The draft has also been sent to the White House for review. White House crypto adviser Patrick Witt is targeting passage by July 4. The developments helped push Bitcoin above $78,000, while Circle shares rose about 18% in a single day.
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