- Senate Banking Committee’s 309-page CLARITY Act draft targets a May 14 markup vote.
- The bill assigns SEC authority over new token sales and CFTC control over all secondary trading.
- Passage on May 14 would send the CLARITY Act to a full Senate floor vote before end of 2026.
Drawing Permanent Lines Between SEC and CFTC
The Digital Asset Market Clarity Act, commonly called the CLARITY Act, moved significantly closer to becoming law this week after the Senate Banking Committee published a revised 309-page draft, 31 pages longer than the 278-page version released in January. A committee markup vote is scheduled for May 14, the most concrete legislative step yet toward establishing formal crypto market structure rules in the U.S.
The bill
