The Senate Banking Committee is reportedly preparing to formally schedule a markup session for the Clarity Act, according to Crypto In America host Eleanor Terrett.
The journalist reported the development on X, citing multiple industry sources familiar with the matter.
Senate Banking Committee Eyes Clarity Act Markup
Terrett revealed that the draft legislative text was shared with select industry members ahead of a possible committee vote on Thursday.
She noted that the bill’s language is reportedly still being finalized. Additional revisions are expected to incorporate priorities from Democratic lawmakers.
“One source told me the overall vibes after reviewing the bill and coordinating with other industry leaders are positive so far, though some bracketed sections are raising concerns that key provisions previously thought to be settled may still be in flux,” Terrett posted.
POLITICO separately reported that Senate Democrats at the negotiating table “are considering withholding support” unless the version the Senate Banking Committee will vote on later this month includes an ethics-related provision.
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The Digital Asset Market Clarity Act passed the House in July. Yet, months of Senate stalemate followed.
Senators Thom Tillis and Angela Alsobrooks recently released a compromise on stablecoin yields. However, five US banking lobbies argued the text still falls short.
Bipartisan Voter Backing Adds Political Weight
Meanwhile, a HarrisX national survey shows that 52% of voters support the bill, while 11% oppose it.
“Voters overwhelmingly favor clearer rules and consumer protections for digital assets,” the post read.
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The findings also suggest that lawmakers could gain political support by backing the legislation. Around 37% of voters said they would be more likely to support a senator who votes in favor of the bill.
Nearly 47% of respondents said they would consider voting across party lines. This figure climbs to 72% among cryptocurrency holders.
With broad, bipartisan voter support, lawmakers face growing political pressure to deliver. All eyes now turn to the markup and whether the bill can stay on course for the White House’s July 4 deadline.
