Senate Plans Clarity Act Markup as Poll Shows 52% Support

The Senate Banking Committee is preparing to schedule a markup for the Clarity Act after circulating draft legislative text to select industry participants. A procedural vote could come as soon as this week as lawmakers continue to revise the bill.

Committee leaders say they are still finalizing language and expect additional edits to reflect priorities raised by Democratic senators. Several sections of the draft remain bracketed for negotiation, leaving some provisions unsettled ahead of the planned markup.

Some Senate Democrats involved in the talks are considering withholding support unless the version presented for markup includes an ethics-related provision. Committee staff and negotiators expect further changes before the committee meets.

Senators Thom Tillis and Angela Alsobrooks released a compromise proposal on the treatment of stablecoin yields. Five major U.S. banking trade groups have said the compromise does not adequately address their concerns.

A HarrisX national survey found 52% of voters support the Clarity Act and 11% oppose it. The poll reported that 37% of respondents would be more likely to support a senator who votes for the bill and that 47% would consider crossing party lines on the issue. Among self-identified cryptocurrency holders, support rises to 72%.

The House approved the Digital Asset Market Clarity Act in July, but the measure stalled in the Senate for months. Industry participants and advocates are watching the Banking Committee markup to see whether the Senate version can clear committee and reach the floor in time to meet a July 4 deadline referenced by administration officials.

A reporter who posted about the draft’s circulation on social media wrote that industry leaders reacted positively overall but raised concerns about bracketed sections that could keep key provisions in flux.

The Clarity Act would set federal rules and consumer protections for digital assets, including stablecoins and other tokens. The outcome of the markup will determine whether the legislation moves toward a Senate floor vote.