Digital Chamber presses Senate to mark up CLARITY Act
The Digital Chamber urged Senate Banking leaders on April 20 to schedule a formal markup of the CLARITY Act, saying the bill has stalled since the House approved it on July 17, 2025.
On April 20, the Digital Chamber urged leaders of the Senate Banking Committee to schedule a formal markup of the Digital Asset Market Clarity Act, known as the CLARITY Act, saying the measure has stalled since the House approved it on July 17, 2025. The trade group asked lawmakers to advance market-structure legislation while continuing bipartisan revisions in public.
The association addressed a letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, and copied Digital Assets Subcommittee Chair Cynthia Lummis and Ranking Member Ruben Gallego. In a post on X the association wrote: “Today, we sent a letter to Banking GOP leadership urging the Committee to move digital asset market structure legislation to markup and continue improving the bill in a transparent, deliberative, and bipartisan manner.” The post emphasized a preference for formal committee proceedings over private talks.
The CLARITY Act passed the House 294–134 but has not moved in the Senate Banking Committee. Lawmakers and industry participants disagree on several provisions, including limits on stablecoin yields, which federal agency would have primary regulatory authority, and potential liability for software developers. Proponents say the bill would replace enforcement actions with clearer rules; critics say some changes could weaken investor protections.
The Digital Chamber noted that more than 270 days have passed since the House vote and that the 119th Congress is past its midpoint. The letter called a markup the next procedural step and cited broad adoption of digital assets in the U.S. The group wrote: “Doing so is critical to delivering the clarity that the more than 70 million Americans who have embraced digital assets deserve, while reinforcing the United States’ leadership in responsible innovation and next-generation financial technology.”
Industry organizations expect a markup to bring contested provisions into public debate and allow senators to offer amendments. The Digital Chamber urged a structured markup process that permits stakeholder comment and time for lawmakers to refine the bill before it reaches the Senate floor.
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