Debate on CLARITY Act continues this week as US Senate returns
US Senate action on the CLARITY Act is expected to resume after the Memorial Day break, with lawmakers and crypto leaders pressing for a market-structure bill that would expand federal commodities oversight of digital assets. The House-passed measure has advanced through key committees but faces resistance from banking and industry groups over stablecoins, tokenized assets, and crypto firms paying interest on deposits. Senate negotiators may try to merge Agriculture and Banking Committee versions, but any floor vote will likely need some Democratic support to clear the 60-vote threshold. Ethics and conflicts of interest, including Trump’s crypto ties, remain a major obstacle. Separately, public comments on agencies’ GENIUS Act implementation close Tuesday, moving the stablecoin law toward rulemaking.
