CLARITY Act Picks Up Speed in Senate as Tim Scott Aims for Summer Approval
As of May 1, 2026, the CLARITY Act (Digital Asset Market Clarity Act) is gaining...
Quick overview
- The CLARITY Act is expected to advance in the Senate, with a committee review scheduled for May 2026.
- The bill, which passed the House with bipartisan support, aims to clarify regulatory responsibilities between the SEC and CFTC for digital assets.
- Over 100 industry groups are advocating for the bill's swift passage, while key government officials are also supporting it.
- Potential delays remain due to legislative priorities and upcoming midterms, but optimism is growing for a summer Senate vote.
As of May 1, 2026, the CLARITY Act (Digital Asset Market Clarity Act) is gaining new momentum in the Senate. Senate Banking Committee Chairman Tim Scott (R-SC) said he expects the bill to reach the President’s desk this summer, with a committee review planned for May.
BOOOOOOOOOOMMMMMM!!!!
Tim Scott CONFIRMS CLARITY Act markup in MAY. 🇺🇸
GREEN LIGHT FOR CRYPTO AND $XRP!! pic.twitter.com/uRp3Vj1oW4
— Levi | Crypto Crusaders (@LeviRietveld) April 30, 2026
The bill passed the House in July 2025 with strong bipartisan support (294-134), but it was delayed in the Senate due to debates over stablecoin rules, DeFi provisions, and ethics language. Recent changes have made its chances better:
- Senator Cynthia Lummis (R-WY) confirmed that the committee will review the bill in May.
- More than 100 industry groups, including Coinbase, Ripple, Circle, and the Blockchain Association, sent a joint letter urging quick action.
- Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and White House crypto adviser Patrick Witt are all actively supporting the bill’s passage.
- Most issues around stablecoin yields have been settled. Ethics provisions are still being discussed and may be added to the bill or addressed separately.
What the CLARITY Act Would Deliver
- A clear division of responsibilities between the SEC and CFTC, with digital commodities falling under the CFTC.
- Regulatory clarity for spot trading, custody, DeFi, and developers who do not hold customer assets.
- StrongerStronger protections for consumers and better measures to prevent illicit finance.ork to position the U.S. as the global leader in digital assets.
Risks Ahead
A busy legislative schedule, pressure from the upcoming midterms, and other priorities like Iran and funding bills could still delay the process. Senator Bernie Moreno warned that if the bill misses the May window, it could be stalled for years. Betting markets currently put the chances of passage in 2026 between 38 and 53 percent.
2026 Outlook
Pressure from the industry and support from key Republicans have brought new optimism. If the committee review in May goes well and gets bipartisan support, the bill could move to a full Senate vote by summer. Passing the bill would be a major milestone for U.S. crypto innovation, custody, and institutional adoption.
The situation is still changing. Look out for an official committee review date from Chairman Scott soon. This is the most important U.S. crypto market structure bill in years, and progress this month could have a big impact on the industry’s direction through 2026 and beyond.
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