The timeline for the passage of the CLARITY Act remains unclear as reports on Friday say the timeline for the markup has now shifted to later this month.
The reports say that the votes on one of the most anticipated crypto bills in America will be made on May 14 and not on the dates previously reported, which suggested a vote being held this week.
For a long time now, there has not been any definite date on when the voting on the CLARITY Act by the Senate Banking Committee would take place.
The mixed reports have added to the confusion regarding the fate of the legislation which has had the crypto community on its toes. The CLARITY Act is one of the most awaited legislation to be passed by the Trump administration.
As earlier reported by The Coin Headlines, talks were ongoing to see if the United States Senate Committee on Banking, Housing, and Urban Affairs would discuss and move to a markup session as early as May 8, in Washington, D.C.
A markup is one of the most important stages in the legislative process. During this phase, senators review a bill line by line, debate proposed language, negotiate amendments, and make revisions before deciding whether the legislation should advance to a broader Senate vote. While the process is procedural, it often becomes the stage where major political compromises are reached and unresolved disagreements become visible.
Negotiations still ongoing
The delay indicates that negotiations on the new act are still being conducted in private. In previous reports, draft versions of the bill were stated to be reviewed by some industry representatives and other stakeholders.
The general tone regarding the industry reaction was noted to be positive, though it was mentioned that there are sections in the bill that are yet to be finalized.
As noted, there were portions of the draft bill that were contained within brackets, indicating some uncertainty regarding the finalization of specific aspects of the bill by the legislators.
An important example of crypto policies that has been put forward for consideration currently includes the proposal on the CLARITY Act. This law aims to set out the regulations governing cryptocurrency through the establishment of the roles of the SEC and CFTC.
The crypto industry has long been arguing that overlapping jurisdictions and unclear boundaries of the regulatory body have led to uncertainty for crypto firms.
The bill seeks to solve this problem by defining the types of digital assets that qualify for treatment as securities, as opposed to those that have characteristics of commodities. In addition to jurisdiction issues, the CLARITY Act is set to include provisions on the regulation of crypto exchanges, stablecoins, custodians, and the overall operation of the digital asset markets. One of the key objectives of this act is to distance itself from the so-called “regulation by enforcement.”
Stablecoin jurisdiction still a concern
Among the most contentious issues for the bill, according to insiders, is the regulation of stablecoin incentives. The parties are believed to be trying to find compromise wording, although, as reports state, both sides have not reached satisfaction from the proposed solution yet.
At the same time, some representatives are also advocating for additional ethics and money laundering requirements.
In Kirsten Gillibrand’s view, new regulations are required before passing the act, especially concerning insider trading, illegal financing prevention, and consumer protection.
The White House, on its part, was carefully watching the progress of the act, too. Speaking at Consensus 2026, the President’s cryptocurrency advisor Patrick Witt admitted that despite the positive reaction of all parties to the bill, there were still several controversies left to solve.
There were talks about the intention of the government to get the bill signed by July 4, but now it looks like it will be challenging to do so.
However, it is clear from the development of the bill within the committee hearings that attempts at crypto legislation are still alive and kicking in Washington. As for the crypto industry, its approval of the CLARITY Act could prove to be a real game changer.
