{"id":72192,"date":"2026-05-07T19:58:46","date_gmt":"2026-05-07T19:58:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-draft-circulates-ahead-of-potential-senate-vote-report\/"},"modified":"2026-05-07T19:58:46","modified_gmt":"2026-05-07T19:58:46","slug":"clarity-act-draft-circulates-ahead-of-potential-senate-vote-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-draft-circulates-ahead-of-potential-senate-vote-report\/","title":{"rendered":"CLARITY Act Draft Circulates Ahead of Potential Senate Vote, Report"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senate Banking leaders reportedly circulated the CLARITY Act draft text before a potential Thursday committee vote.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Unresolved bracketed sections, ethics language, and stablecoin rewards remain key sticking points.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Polling found 52% of voters support the CLARITY Act after a neutral description.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Senate Banking Draft Moves Toward Thursday Committee Vote<\/h2>\n<p>The Senate Banking Committee is reportedly moving closer to action on the CLARITY Act, with a markup notice possible on May 8. Journalist Eleanor Terrett <a href=\"https:\/\/x.com\/EleanorTerrett\/status\/2052443427506438215\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a> that draft legislative text has circulated to select industry members before a potential vote on Thursday. The language remains under review, with additional edits expected from Democratic offices.<\/p>\n<p>Industry sources who reviewed the draft described the overall response as positive, though unresolved bracketed sections remain a concern. Those areas involve provisions some participants had previously viewed as settled. The draft circulation comes as lawmakers, <span>crypto<\/span> advocates, and industry executives push for a federal digital asset framework. Terrett said:<\/p>\n<blockquote>\n<p>\u201cThe Senate Banking Committee is preparing to notice a markup for the CLARITY Act as soon as tomorrow and has circulated draft legislative text to select industry members ahead of a potential Thursday vote.\u201d<\/p>\n<\/blockquote>\n<h2> <span>Stablecoin<\/span> Yield Deal Leaves Ethics Clause in Focus<\/h2>\n<p>After passing the House in July 2025, the Digital Asset Market Clarity Act has faced months of Senate Banking Committee deadlock. Pressure increased this week after Patrick Witt, executive director of the President\u2019s Council of Advisors for Digital Assets, said the White House wants passage by July 4. The target adds urgency before election-year politics slow legislative action.<\/p>\n<p>Negotiators recently advanced compromise language from Senators Thom Tillis and Angela Alsobrooks on <span>stablecoin<\/span> rewards. The measure would ban passive yield for simply holding <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> while allowing activity-based rewards tied to transactions, trading, or platform use. A separate dispute remains over ethics language. Senator Kirsten Gillibrand has said she will not back the bill without restrictions barring senior government officials from profiting from <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> assets. Lawmakers are also debating Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) jurisdiction standards, broker reporting rules, and possible <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> wash-sale tax changes.<\/p>\n<p>U.S. Senator Cynthia Lummis said:<\/p>\n<blockquote>\n<p>\u201cI have spent years in the Senate fighting for American leadership in digital assets, and that means finishing what we\u2019ve started with the CLARITY Act. Let\u2019s get this done.\u201d<\/p>\n<\/blockquote>\n<p>HarrisX polling found 52% of voters support the CLARITY Act after a neutral description, while 11% oppose it. The survey of 2,008 registered voters also found 70% believe the United States should have already passed <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> legislation.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/clarity-act-draft-circulates-ahead-of-potential-senate-vote-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Senate Banking leaders reportedly circulated the CLARITY Act draft text before a potential Thursday committee vote. Unresolved bracketed sections, ethics language, and stablecoin rewards remain key sticking points. Polling found 52% of voters support the CLARITY Act after a neutral description. Senate Banking Draft Moves Toward [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":72193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72192"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72192"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72193"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}