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Senate Banking Committee Chairman Tim Scott is advocating for the Coinbase-supported Clarity Act to reach a presidential signature by the summer of 2026. The committee’s markup is scheduled for this month, with more than 100 industry organizations now publicly calling for action.
NEWS
LAWMAKERS FAST-TRACK CLARITY ACT
U.S. Senator Tom Tillis indicates that the CLARITY Act could reach committee markup in May, with a possible Senate floor push by June or July. pic.twitter.com/sIAszLVK1v— Mintern (@MinswapIntern) April 30, 2026
The Digital Asset Market Clarity Act passed the House in July 2025 with a bipartisan vote of 294-134, but Senate delays regarding stablecoin regulation, DeFi provisions, and ethics language have consumed nearly a year of momentum, as the opportunity to regain it is rapidly diminishing.
The Clarity Act remains in limbo.
Sen. Cynthia Lummis states that the bill is “ready” for a hearing… but delays concerning stablecoin yield regulations continue to impede progress.
Months of “coming soon.”
Still no clarity. pic.twitter.com/39hlYd6Ig1— Real World Asset Watchlist (@RWAwatchlist_) April 29, 2026
The Clarity Act remains in limbo.The legislation addresses the jurisdictional overlap between the SEC and CFTC, which has effectively hindered institutional adoption of U.S.-based crypto products. Until this boundary is clearly defined, banks and corporate treasuries cannot confidently size their positions.
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SEC/CFTC Line Matters
The Clarity Act establishes a definitive separation between SEC and CFTC authority over digital assets, assigning digital commodities to CFTC jurisdiction. This clear division is the primary benefit that the bill offers. It also delivers regulatory clarity for spot trading, custody operations, DeFi protocols, and developers who do not manage customer assets.
Regarding stablecoin regulation, the bill mandates 1:1 backing with high-quality liquid assets and sets a federal baseline that state-regulated issuers must adhere to. Most of the negotiation challenges surrounding stablecoin yields have now been addressed, according to Senator Cynthia Lummis, who confirmed the May committee review.
LUMMIS DEFENDS CRYPTO DEVELOPER PROTECTION IN CLARITY ACT
Senator Cynthia Lummis has supported the developer protection clause in the CLARITY Act.
She contends that the provision safeguards open-source developers writing non-custodial code.
The clause distinguishes software creators from… pic.twitter.com/lHFy2gZevC— BSCN (@BSCNews) April 29, 2026
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Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and White House crypto adviser Patrick Witt are all actively supporting the bill’s passage. This alignment across the executive branch is uncommon and provides the legislation with institutional backing that earlier iterations lacked. The White House’s broader legislative stance on crypto indicates that this is a coordinated policy effort, rather than a solitary Senate initiative.
Discover: Why stablecoin regulatory scrutiny is intensifying beyond the Clarity Act
Coinbase Clarity Act Passage Unlocks Institutional Flows
If the Clarity Act is approved by the Senate this summer, the immediate market impact would be a reduction of the regulatory risk premium currently factored into U.S.-exposed crypto assets.
On-chain data from prior legislative advancements indicated that USDC minting accelerated by 5–10% in anticipation of clearer on-and-off ramps. This alone serves as a signal that institutional positioning begins before the legislation is finalized.
If the bill does not progress past the May markup window, the situation changes. Senator Bernie Moreno directly cautioned that missing May could halt progress for years, rather than months. Midterm election dynamics would take precedence, and any legislation related to DeFi or stablecoin yields could become politically sensitive as the 2026 campaign season approaches.
Coinbase backed Clarity Act Odds, Polymarket
Polymarket odds for 2026 passage have already decreased from 65% to 46% since January, reflecting the growing frustration over missed deadlines.
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The post Coinbase Backed Clarity Act Advances: Tim Scott Eyeing Summer appeared first on Cryptonews.
