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Senate Banking Committee prepares for markup hearing on crypto bill after stablecoin deal

Senate Banking Committee prepares for markup hearing on crypto bill after stablecoin deal

A week after senators finally shook hands on one of the thorniest disputes in crypto legislation, the next domino is about to fall. The Senate Banking Committee has scheduled a markup hearing on the CLARITY Act for May 14, 2026, moving the sweeping digital asset bill one step closer to a full Senate vote.

The hearing comes on the heels of a bipartisan compromise reached on May 2, brokered by Senators Thom Tillis and Angela Alsobrooks. The deal resolves a stablecoin yield question that had kept the bill frozen since January 2026, and the crypto industry is treating it like a green light.

The stablecoin compromise, explained

The Tillis-Alsobrooks compromise draws a line. Yields on idle stablecoin reserves are now…

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