Senator Bernie Moreno’s end‑of‑May ultimatum has turned the CLARITY Act into Congress’s last credible chance this cycle to set U.S. crypto market‑structure rules before politics and bank lobbying slam the window shut.
Summary
- Senator Bernie Moreno has given Congress until the end of May to pass the CLARITY Act, warning that missing the window could shelve U.S. digital asset legislation for years.
- The bill still faces five major hurdles in just a few weeks, while bank lobbying intensifies against stablecoin yield provisions and Senate floor time is being chewed up by the Kevin Warsh Fed nomination fight.
- Prediction markets now give the Act less than a 50% chance of…
