U.S. Senate Banking Committee Prepares Clarity Act Markup, Sources Say

According to multiple industry sources, the committee circulated draft legislative text to select industry members ahead of a potential Thursday vote.

Summary

The U.S. Senate Banking Committee is preparing to notice a markup for the Clarity Act, according to multiple industry sources who said they have seen the draft text. The sources said draft legislative language was circulated to select industry participants ahead of a possible Thursday vote. A markup is the stage when lawmakers review, debate, and amend a bill before deciding whether to advance it, making it a key procedural step for crypto market structure legislation.

Terms & Concepts
  • Markup: A legislative stage in which a committee reviews, debates, and amends a bill before voting on whether to advance it.
  • Clarity Act: A proposed bill related to crypto market structure or regulatory clarity, based on the source’s reference to pending legislative text.
  • Legislative text: The formal draft language of a bill that lawmakers and stakeholders review before committee debate or a vote.