The Digital Asset Market Clarity Act has moved to the United States Senate Legislative Calendar, giving the crypto market-structure bill a formal path toward possible floor action.
Summary
- The CLARITY Act has moved to the United States Senate Legislative Calendar after clearing the Senate Banking Committee.
- The bill passed the Senate Banking Committee on May 14 with a 15 to 9 bipartisan vote.
- Senator Cynthia Lummis said the United States is closer than ever to a working digital asset market structure.
Senate records show the administrative calendar step was completed by June 1, after the Senate Banking Committee advanced the bill on May 14 in a 15-9 bipartisan vote. The calendar entry does not set a floor vote date, but it makes the bill eligible for full Senate consideration once leadership schedules debate.
The bill, known as the CLARITY Act, now sits at one of its most important stages since lawmakers began working on a national rulebook for digital assets. Senate leaders must still decide when to bring the measure to the floor, where debate, amendments, and a final vote would determine whether it can continue toward enactment.
CLARITY Act moves into the Senate queue
According to the legislative process outlined around the bill, the measure has completed five of nine major steps. It has been introduced, reviewed in committee hearings, amended through markup, approved by the Senate Banking Committee, and placed on the Senate Calendar.
The remaining stages include full Senate debate, possible amendments, and a floor vote requiring 60 votes. If the Senate version differs from the House version passed in July 2025, lawmakers would also need to settle differences between the two chambers before sending the final text to the president.
Senator Cynthia Lummis said the United States is closer than ever to a working digital asset market structure. She urged lawmakers to keep moving as the bill enters a difficult phase in the Senate.
Banks raise pressure over stablecoin rewards
The calendar move comes after sharp criticism from JPMorgan Chase CEO Jamie Dimon. As previously covered by crypto.news, Dimon said banks would oppose the CLARITY Act unless lawmakers changed provisions that he said give crypto firms bank-like powers without bank-level safeguards.
Dimon made the comments on Friday during an interview about pending legislation on crypto market structure. The JPMorgan chief said the bill, in its current form, would allow crypto companies to offer rewards tied to stablecoins or similar products without the protections found in traditional banking.
According to Dimon, the bill does not go far enough on legal protections, anti-money laundering rules, and Bank Secrecy Act requirements. He said banks would not accept the legislation as written because some crypto products resemble deposits.
Institutions trade around the bill’s outcome
Galaxy Digital has also drawn attention to the bill through a $10 million institutional prediction market trade tied to whether the CLARITY Act passes in 2026. The trade was executed through Galaxy’s institutional OTC prediction market offering, with Arca using the platform to gain exposure to the bill’s approval odds.
Coinbase, meanwhile, described the CLARITY Act as very close to completion. Senator Lummis has said the bill would address the long-running jurisdictional dispute between the SEC and CFTC over digital asset oversight.
