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Senator Kevin Cramer has urged Congress to advance the CLARITY Act markup before Easter, warning that delays could stall progress. This comes as the Senate Banking Committee faces mounting legislative pressure. Cramer stressed urgency, citing risks of regulatory gaps and potential loss of U.S. leadership in digital assets. CLARITY Act Timeline Tightens Ahead of Easter In a Fox Business interview today, Cramer said lawmakers must act quickly to establish clear rules for digital assets. He emphasized the need for U.S. guardrails defining commodities and securities. He also highlighted the need to separate traditional and non-traditional banking activities. He warned that delays beyond Easter could weaken chances of passage. He said political timelines later in the year could complicate progress. This coincides with calls by Galaxy’s Alex Thorn, who warned the April deadline is critical. Senator Kevin Cramer stated that “time is not our friend” as legislative priorities compete for attention. He pointed to ongoing Senate work, including the SAVE Act, as a competing priority. However, he maintained that committees can handle multiple issues simultaneously. He urged the Senate Banking Committee to prioritize the CLARITY Act markup soon. Banking Concerns and Stablecoin Rewards Debate Cramer also addressed concerns raised by banks regarding stablecoin rewards, which French Hill says the CLARITY Act should ban to advance in the Senate. Senator Cramer noted that some lawmakers see loopholes allowing intermediaries to offer interest-like returns. These intermediaries include firms similar to PayPal. He explained that banks argue such offerings create uneven competition. As a result, lawmakers may need to clarify language within related legislation like the GENIUS Act. However, Cramer stressed that adjustments should not delay broader progress. He added that lawmakers must strike a balance acceptable to all sides. According to him, success may come when all stakeholders show equal dissatisfaction. This approach,…

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Filed under: News - @ March 17, 2026 9:28 pm