THE Senate Banking Committee will meet on Thursday (May 14) to consider the Digital Asset Market Clarity Act of 2025, putting the Crypto Market Structure Bill back on the calendar after a delay in January.
The notice follows months of discussions over regulatory jurisdiction, consumer protections, developer protections and stable rewards. CoinDesk reported last week that crypto companies had backed a stablecoin yield compromise intended to unlock the bill.
Cody Carbone, CEO of The Digital Chamber, said the advisory marks “a major step” toward clarity for the more than 70 million Americans who use cryptocurrencies.
Summer Mersinger, CEO of the Blockchain Association, called the markup notice “an important step toward establishing clear rules for digital asset markets.”
“This work reflects months of serious engagement on tough issues, from SEC-CFTC jurisdiction to consumer and developer protections,” Mersinger said. “Clear statutes are what American consumers, businesses and innovators deserve. »
Kristin Smith, president of the Solana Policy Institute, called the increase “a watershed moment for American leadership in financial markets.” Miller Whitehouse-Levine, the group’s CEO, said the date is “the first step” in giving builders and financial institutions certainty to build on-chain in the United States.
Ji Hun Kim, CEO of the Crypto Council for Innovation, said “the momentum is real and the time is now.” This mark-up, he said, brings the United States closer to a framework that protects consumers, gives investors clear information, protects developers and supports responsible innovation.
The increase gives Senate Banking another chance to advance the bill ahead of the White House’s July 4 goal for passage of the Clarity Act.
Although the crypto industry welcomed the timing of the hearing, the banking industry said it still had concerns.
A joint letter to Senate Banking Committee leaders Tim Scott and Elizabeth Warren, from a coalition of banking industry associations, said they still had some concerns about the bill, proposing changes to the text of the legislation.
