Senate Banking to Vote Thursday on 2025 Crypto Market Bill as Bipartisan Support Remains Unclear
Updated
Updated · POLITICO · May 11
Senate Banking to Vote Thursday on 2025 Crypto Market Bill as Bipartisan Support Remains Unclear
11 articles · Updated · POLITICO · May 11
Thursday at 10:30 a.m., the Senate Banking Committee will mark up the Digital Asset Market Clarity Act of 2025, a key step in Republicans’ push to advance long-stalled crypto market-structure legislation.
Seven committee Democrats are viewed as possible swing votes, but bipartisan backing is still uncertain even as Chair Tim Scott’s decision to schedule the markup signals confidence in unified Republican support.
Outstanding disputes include ethics rules targeting the Trump family’s crypto businesses, protections for software developers, and Democratic demands for SEC and CFTC appointments.
Banks are also escalating a fight over stablecoin yield: the American Bankers Association warned Sunday that the bill still fails to adequately block crypto firms from offering interest-like rewards on payment stablecoins.
New bill text could arrive as soon as Monday night, setting up a compressed week of negotiations before a floor push that will likely require Democratic votes.
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Countdown to May 14: Senate Banking Committee’s Pivotal Vote on the CLARITY Act and the Future of U.S. Digital Assets
Overview
The Senate Banking Committee is set for a crucial markup on May 14, 2026, to advance the CLARITY Act, a bill that could reshape the U.S. crypto landscape. This vote is highly anticipated by markets, especially as Bitcoin recently broke the $80,000 mark. Progress on the bill accelerated after lawmakers overcame a major policy barrier known as the 'banking fight' earlier this month. This breakthrough has improved the bill’s prospects and shifted market sentiment, making the upcoming committee decision a pivotal moment for digital asset regulation in the United States.