The CLARITY Act is moving closer to Senate Banking Committee action, with reporting indicating a review notice could come as early as tomorrow and a committee vote is expected next Thursday. Draft text has been circulated to some industry participants, though revisions may still be made to reflect priorities from Democratic offices. The bill’s momentum improved after negotiators resolved a key dispute over yield tied to stablecoin rewards, with Senator Angela Alsobrooks saying the issue had been resolved and that the legislation could pass. Coinbase policy executive Kara Calvert said the measure would still need at least 60 Senate votes with bipartisan support, while 1099-DA tax reporting rules remain a major obstacle to institutional crypto adoption. Earlier reporting described the bill as establishing clearer regulatory boundaries between the SEC and CFTC and setting rules for exchanges, custodians, DeFi participants, validators, node operators, and other digital asset activity.