Crypto07 April, 20261 min read
Senate Banking Panel Targets April to Advance CLARITY Crypto Bill
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CLARITY bill would establish digital asset market structure, advancing in April. Sen. Hagerty says the Banking Committee will begin discussing the bill next week.
Path for Crypto Bill
Senator Bill Hagerty signaled a viable path for the US digital asset market structure bill to advance through the Senate Banking Committee in April. Hagerty said Republicans plan to move the CLARITY Act starting next week. Several issues remain but none are insurmountable.
The bill would largely shift oversight from the SEC to the CFTC. The Agriculture Committee advanced its version in January. Tokenized stocks, ethics, and stablecoin yield have delayed Banking Committee consideration.
Key Challenges
The bill faces sticking points including stablecoin interest provisions and ethics regulations. Hagerty emphasized these obstacles are not insurmountable.
The Agriculture Committee already passed its amended version in January. The renewed momentum comes amid growing pressure from financial institutions.
Market and Political Implications
Clear regulatory clarity could help reverse capital and talent flight offshore. A market structure bill would establish clear rules around issuance, trading, and oversight.
The CLARITY Act aims to delineate agency authority and set consumer protection standards. Hagerty hopes to complete the bill before the 2026 midterms.