Senator Tim Scott Says Crypto Clarity Act Could Reach Senate Vote by June or July

Cynthia Lummis said the U.S. crypto market structure bill could reach a committee vote by mid-May, Thom Tillis said the CLARITY Act is ready for a Senate Banking Committee hearing, and Tim Scott said the Crypto Clarity Act could move to markup in May followed by a Senate floor vote in June or July. Fox Business separately reported that the bill is nearing markup and cited a source saying progress is "going really well" and that Republican votes are coming on board. Together, the updates indicate growing momentum for digital asset market structure legislation after stablecoin yield concerns were addressed, although DeFi-related language, ethics provisions, and developer-protection details remain under revision.

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