Crypto industry cheers Senate Clarity Act markup date as market structure push resumes
The bill’s progress follows talks on jurisdiction, consumer/developer protections, and stablecoin rewards, with crypto firms backing a yield compromise.
What to know:
- The Senate Banking Committee will meet on May 14 to consider the Digital Asset Market Clarity Act of 2025, a crypto market structure bill.
- The bill’s progress follows talks on jurisdiction, consumer/developer protections and stablecoin rewards, with crypto firms backing a yield compromise.
- Crypto industry leaders cheered the markup, viewing it as a major step toward clarity, establishing clear rules, and giving certainty to U.S. builders.
Cody Carbone, CEO of The Digital Chamber, said the notice marks “a major step” toward clarity for more than 70 million Americans who use cryptocurrencies..
Blockchain Association CEO Summer Mersinger called the markup notice “an important step toward establishing clear rules for digital asset markets.”
“This work reflects months of serious engagement on difficult questions, from SEC-CFTC jurisdiction to consumer protection and developer protections,” Mersinger said. “Clear statutes are what American consumers, businesses, and innovators deserve.”
Kristin Smith, president of the Solana Policy Institute, called the markup “a make or break moment for American leadership in financial markets.” Miller Whitehouse-Levine, the group’s CEO, said the date is “the first step” toward giving builders and financial institutions certainty to build onchain in the U.S.
