todayonchain.com

CLARITY Act sees ‘big step forward’ as markup set for May 14

Cointelegraph
The US Senate Banking Committee has scheduled a markup for the CLARITY Act on May 14, marking progress for crypto regulation.

Summary

The US Senate Banking Committee is set to vote on the CLARITY Act on May 14, a move that industry leaders describe as a significant step forward for the crypto sector. Originally introduced in July 2025, the legislation previously stalled due to concerns from firms like Coinbase regarding developer protections and DeFi regulations. Supporters, including Coinbase executives and Senator Cynthia Lummis, view the bill as essential for fostering innovation and preventing crypto businesses from moving offshore due to regulatory uncertainty.

(Source:Cointelegraph)