Armstrong said the bill is "closer than ever" to advancing in the US Congress after months of negotiations between the crypto industry and banks. Coinbase CEO Brian Armstrong is supporting the latest version of the Digital Asset Market Clarity Act (CLARITY) ahead of the US Senate's markup of the crypto market structure bill on Thursday. “I don't think it's ever been in a stronger or more bipartisan position,” he said about the latest iteration of the market structure bill. Armstrong said that the banking and crypto industry lobbies have reached a “healthy compromise” on stablecoin yield, which was one of the main issues that stalled the market structure bill in January. He added: Read more
Bitcoin traders eye a possible move higher as short-term selling pressure fades and the CLARITY Act vote boosts crypto market focus. Bitcoin (BTC) traders expected a quick move toward $90,000 after the upcoming CLARITY Act vote on Thursday, as improving market conditions and easing short-term sell pressure support an upside move. Bitcoin has traded around the $80,000 level over the past week, while the 200-day exponential moving average (EMA) remains key overhead resistance. More than $3 billion in leveraged long positions are clustered between $79,000 and $78,000, suggesting BTC could briefly retest that range before attempting another breakout above the 200-day EMA. Read more
The CLARITY Act, introduced in July 2025, stalled in January after Coinbase withdrew its support for the legislation over concerns about legal protections and stablecoin yields. Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote. In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,” while one lawmaker is seen as “mixed.” “If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly,” Galaxy Digital said. Read more
Coinbase chief policy officer Faryar Shirzad said the date is a “big step forward” and is essential for supporting innovation in the US. The US CLARITY Act, which aims to provide the US crypto industry with greater regulatory clarity, is set to be voted on by the Senate Banking Committee on Thursday. On Friday, Senate Banking Committee chair Tim Scott confirmed the legislation will go to a vote on Thursday, triggering a strong reaction across the crypto industry, which has been waiting months for a new markup date. The bill, introduced in July 2025, was expected to progress earlier this year, but stalled in January after Coinbase withdrew its support for the legislation, citing several concerns, including a lack of legal protections for open source software developers, a prohibition on stablecoin yield, and decentralized finance (DeFi) regulations. Read more
The poll found 52% of registered voters support the CLARITY Act, with 47% willing to cross party lines for a candidate who backs the bill. Nearly half of US voters are willing to cross party lines to get clear crypto regulation off the ground, while public support for the CLARITY Act could bring an electoral benefit for politicians, according to a new survey from HarrisX. The poll included responses from 2,008 registered voters from May 1-4. It found that 52% of respondents support the CLARITY Act, with just 11% opposed. About half, or 47%, said they would consider voting for a candidate outside their preferred party if that candidate backed the bill and their own party did not. Among crypto users, that number jumped to 72%. Read more
The provisions in the crypto market structure bill are still under review by the banking and crypto lobbies as a new poll shows bipartisan voter support for the legislation. The CLARITY crypto market structure bill could see a markup in the US Senate Banking Committee as early as next week, according to Kara Calvert, the vice president of US policy at crypto exchange Coinbase. “My prediction is that we have a markup next week,” Calvert told the audience at the Consensus 2026 crypto industry conference in Miami, Florida. She said that the bill needs at least 60 votes to pass in the Senate and that the CLARITY bill needs bipartisan support to become law. She said: Read more
The efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins. The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks. Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets. Read more