CLARITY Act Faces Critical April Deadline as Senate Committee Prepares to Vote
The post CLARITY Act Faces Critical April Deadline as Senate Committee Prepares to Vote appeared on BitcoinEthereumNews.com.
Key Points Senator Bill Hagerty anticipates the CLARITY Act will advance to the Senate Banking Committee during April The legislation aims to transfer primary crypto regulation from the SEC to the CFTC Disagreements over stablecoin yield provisions have caused delays, but recent discussions suggest a breakthrough Senate Banking Committee Chairman Tim Scott hasn’t announced a markup session date Polymarket traders estimate a 63% probability of Trump enacting the legislation in 2025 During remarks at the Digital Assets and Emerging Tech Policy Summit held at Vanderbilt University on Monday, Senator Bill Hagerty projected that the CLARITY Act would proceed through the Senate Banking Committee over the coming weeks, establishing an April timeframe for the landmark crypto regulation bill. Hagerty expressed optimism that the legislation could successfully navigate the banking committee before April concludes, provided that lingering concerns are addressed satisfactorily. “There’s still a lot more work to do,” Hagerty acknowledged, though he emphasized that none of the remaining challenges were “insurmountable.” The CLARITY Act secured House passage in July under its current title. Senate progress has been hindered by disputes surrounding stablecoin interest payments, ethical considerations, and resistance from certain cryptocurrency industry factions. The proposed legislation would reallocate crypto market oversight responsibilities primarily from the Securities and Exchange Commission to the Commodity Futures Trading Commission. Given both regulatory bodies’ involvement, the bill requires endorsement from the Senate Agriculture Committee as well as the Senate Banking Committee. The Agriculture Committee moved its iteration of the bill forward in January. The Banking Committee must still conduct a markup session before the legislation can advance to a full Senate floor vote. Progress Emerges on Stablecoin Yield Standoff The debate over stablecoin yield mechanisms has represented the most significant obstacle. Cryptocurrency firms, notably Coinbase, had raised objections to previous language that imposed sweeping restrictions on…
Filed under: News - @ April 7, 2026 7:27 am