{"id":72394,"date":"2026-05-12T08:51:41","date_gmt":"2026-05-12T08:51:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-senate-drops-309-page-crypto-clarity-act-draft-ahead-of-may-14-vote\/"},"modified":"2026-05-12T08:51:41","modified_gmt":"2026-05-12T08:51:41","slug":"us-senate-drops-309-page-crypto-clarity-act-draft-ahead-of-may-14-vote","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-senate-drops-309-page-crypto-clarity-act-draft-ahead-of-may-14-vote\/","title":{"rendered":"US Senate Drops 309-Page Crypto CLARITY Act Draft Ahead of May 14 Vote"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\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<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 Committee\u2019s 309-page CLARITY Act draft targets a May 14 markup 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\">The bill assigns SEC authority over new token sales and CFTC control over all secondary trading.<\/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\">Passage on May 14 would send the CLARITY Act to a full Senate floor vote before end of 2026.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Drawing Permanent Lines Between SEC and CFTC<\/span><\/h2>\n<p><span style=\"font-weight:400\">The Digital Asset Market Clarity Act, commonly called the CLARITY Act, moved significantly closer to becoming law this week after the Senate Banking Committee <\/span><a href=\"https:\/\/www.banking.senate.gov\/imo\/media\/doc\/ehf26374.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">published a revised 309-page draft<\/span><\/a><span style=\"font-weight:400\">, 31 pages longer than the 278-page version released in January. A committee markup vote is scheduled for May 14, the most concrete legislative step yet toward establishing formal <span>crypto<\/span> market structure rules in the U.S. <\/span><\/p>\n<p><span style=\"font-weight:400\">The bill <a href=\"https:\/\/news.bitcoin.com\/clarity-act-markup-senate-banking-sets-may-14-crypto-rules-session\/\">draws a legal boundary<\/a> between two federal agencies that have clashed over <span>crypto<\/span> oversight for years. If passed, the Securities and Exchange Commission (SEC) would govern new <span>token sales<\/span> and initial offerings, while the Commodity Futures Trading Commission (CFTC) would regulate secondary market trading, the activity that occurs on exchanges once a token has already launched.<\/span><\/p>\n<p><span style=\"font-weight:400\">This framework is designed to replace what the industry has long described as the SEC\u2019s regulation-by-enforcement model with a clear statutory playbook that <span>crypto<\/span> businesses can actually plan around.<\/span><\/p>\n<h2> <span>Stablecoin<\/span> Yields and the Path to Legislation<\/h2>\n<p><span style=\"font-weight:400\">A key addition to the updated draft is a <a href=\"https:\/\/news.bitcoin.com\/crypto-clarity-act-us-close-robinhood-tenev-2026\/\">stablecoin yield compromise<\/a> co-authored by Senators Thom Tillis and Angela Alsobrooks. The deal prohibits yield on <span>stablecoins<\/span> that functions like a bank deposit rate but preserves room for what the bill terms \u201cbona fide activities.\u201d Coinbase and Circle both publicly backed the compromise, joining more than 100 <span>crypto<\/span> firms in a joint letter urging the Senate Banking Committee to push the bill forward. <\/span><\/p>\n<p><span style=\"font-weight:400\">The updated bill also establishes cybersecurity and compliance standards for centralized intermediaries that interact with <span>decentralized finance<\/span> ( <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a>) protocols, while explicitly protecting open-source software developers and peer-to-peer transactions. Those carve-outs address concerns raised about earlier drafts, where critics warned broad language could expose individual developers to regulatory liability.<\/span><\/p>\n<p><span style=\"font-weight:400\"> <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News <\/span><a href=\"https:\/\/news.bitcoin.com\/clarity-act-vote-faces-scoring-pressure-ahead-of-senate-banking-markup\/\"><span style=\"font-weight:400\">previously reported<\/span><\/a><span style=\"font-weight:400\"> on the scoring pressure the CLARITY Act faced ahead of the markup, with questions around how the Congressional Budget Office would assess the bill\u2019s fiscal impact. That hurdle appears to have been resolved ahead of May 14.<\/span><\/p>\n<p><span style=\"font-weight:400\">Lastly, the markup arrives during what analysts are calling a landmark week for U.S. <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> regulation. On the same day, the House Ways and Means Committee is convening a bipartisan closed-door session to discuss <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> tax reform (a parallel legislative track running alongside the CLARITY Act markup). <\/span><\/p>\n<p><span style=\"font-weight:400\">If the committee advances the bill on May 14, it moves to a full Senate floor vote. Analysts tracking the legislation say that if the process moves without major complications, the CLARITY Act could be signed into law before the end of 2026, though further floor amendments and negotiation remain likely steps ahead.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/us-senate-drops-309-page-crypto-clarity-act-draft-ahead-of-may-14-vote\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Senate Banking Committee\u2019s 309-page CLARITY Act draft targets a May 14 markup vote. The bill assigns SEC authority over new token sales and CFTC control over all secondary trading. Passage on May 14 would send the CLARITY Act to a full Senate floor vote before end of 2026. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72395,"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\/72394"}],"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\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72394"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72395"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}