BlockBeats report: On May 9, cryptocurrency journalist Eleanor Terrett disclosed that the U.S. Senate Banking Committee has officially scheduled a markup session for the Cryptocurrency Market Structure Act (also known as the CLARITY Act) on Thursday, May 14, at 10:30 a.m. Eastern Time. This is a critical step in the legislative process.
The Senate Banking Committee has distributed a draft text to select industry stakeholders and is still finalizing it, with expectations that it will incorporate priorities from Democratic offices. Committee members will vote on the bill text and all proposed amendments; if approved, this section will be merged with the provisions under the jurisdiction of the Senate Agriculture Committee to form the complete bill, which will then be submitted to the full Senate for a vote. The cryptocurrency industry generally views this as a significant development and looks forward to the bill clarifying the regulatory framework to foster certainty in the U.S. digital assets market.