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Senate Banking Committee plans to hold key market structure hearing on Thursday

The Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.

By Nikhilesh De|Edited by Jesse Hamilton

Updated May 8, 2026, 11:22 p.m. Published May 8, 2026, 11:20 p.m. 2 min read

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What to know:

• The Senate Banking Committee said it would hold its markup hearing for the Clarity Act on Thursday, May 14.
• The market structure bill had been in limbo since January, with issues like stablecoin yield holding up the bill’s advancement. Lawmakers seem ready to move on with a compromise brokered by Senators Thom Tillis and Angela Alsobrooks, though banking industry groups said they still have concerns with the language.
• The markup is a key step toward the bill becoming law, though other hurdles remain.

The committee did not release the full text of the updated bill publicly as of press time.

The banking industry groups said they had issues with this compromise text and would provide feedback. A letter published by multiple banking trade associations, including the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America, National Bankers Association and Consumer Bankers Association on Friday said “additional work is needed to arrive at text that embraces the innovation represented by digital assets while also protecting consumers.”