The U.S. Senate Banking Committee is gearing up to hold a committee vote on the **CLARITY Act** as early as May 14 (next Thursday), though the exact timing is still to be confirmed. This is one of the most significant market structure bills for the U.S. crypto industry, potentially reducing regulatory uncertainty in a big way—widely seen as a major positive by the industry. The full name of the **CLARITY Act** is the *Digital Asset Market Clarity Act of 2025*. Its core goal is to provide a clear regulatory framework for the U.S. cryptocurrency market, including: • Clarifying which digital assets are securities (regulated by the SEC) or commodities (regulated by the CFTC); • Stablecoin regulatory rules; • Investor protection, anti-money laundering, DeFi-related provisions, and more. The **CLARITY Act** passed the House in July 2025 with a vote of 294-134, and then moved to the Senate Banking Committee. Progress has been slow over the past few months, mainly due to negotiations (stablecoin yields, DeFi provisions, bipartisan compromises, etc.). The latest update is that Senators Thom Tillis and Angela Alsobrooks have reached a compromise on stablecoin yields. The draft text has been shared with some industry insiders, and the Banking Committee is preparing to issue an official voting notice. If the committee passes the bill, the process will look like this: Committee approval → Full Senate vote (requires 60 votes) → Reconciliation with the House version (conference) → Final approval by both chambers → Presidential signature. The timeline for final approval could stretch into June or July, or even later.