Crypto Market Structure Bill to Face Key Vote in April and Must Pass by May, Senators Say
Senate Republicans are pushing to advance the crypto market structure Clarity Act before political momentum fades, with a Banking Committee markup scheduled for the second half of April. If the Clarity Act is not passed by May, chances for digital asset legislation passing this session are slim due to the upcoming midterm election cycle. The bill would legalize most U.S. crypto activity and prevent future bans without new legislation. Only two weeks remain in April for committee votes; after committee approval, the bill must be reconciled with an agriculture-focused version and secure enough bipartisan support to pass before Congress recesses on May 21. Key obstacles include disputes over stablecoin yield provisions—where compromise language is being developed—and controversy over decentralizing finance carve outs and restrictions on Trump-associated crypto businesses. Democrats demand changes for bipartisan support, including strong ethics rules to prevent lawmakers from benefiting personally from crypto. If these issues are not resolved promptly, chances of passing substantial crypto legislation in this Congress are low.
