Senate

The Senate Banking Committee advanced the Digital Asset Market Clarity Act in a bipartisan 15–9 vote Thursday, with Sens. Ruben Gallego and Angela Alsobrooks joining Republicans to move the sweeping crypto market structure bill forward.

The Senate Banking Committee opened a high-stakes markup for crypto on the Digital Asset Market Clarity Act.

The Senate crypto bill faces a high-stakes markup this Thursday as lawmakers debate 100+ amendments that could determine the future of U.S. digital asset regulation.

The Senate Banking Committee released the full 309-page text of the Digital Asset Market Clarity Act ahead of Thursday’s markup, setting up a high-stakes battle over stablecoin yield rules.

After nearly a year of delays, the Senate Banking Committee scheduled a markup of the CLARITY Act for May 14.

Speaking at The Bitcoin Conference, Senator Cynthia Lummis framed Bitcoin as “freedom money,” signaling that Senate lawmakers are preparing a May markup of the long-delayed Clarity Act.

Over 100 cryptocurrency firms and industry organizations are urging the U.S. Senate to move forward on long-delayed market structure legislation, cautioning that further delays could drive innovation and capital abroad.

Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is vital to maintaining U.S. financial leadership.

Bitcoin rose to around $76,000 as whales accumulated 45,000 BTC and institutional inflows surged, while U.S. officials including Kevin Warsh and Admiral Paparo signaled growing acceptance of Bitcoin in finance and national security.

Admiral Samuel Paparo of U.S. Indo-Pacific Command told the Senate Armed Services Committee that Bitcoin is a “valuable computer science tool as power projection."