Key Takeaways
- The Senate Banking Committee is reportedly preparing to notice a markup for the CLARITY Act as soon as Thursday.
- Draft legislative text has been shared with select industry members ahead of a potential vote.
- A new HarrisX poll shows 52% of voters support the bill, with only 11% opposed.
The Senate Banking Committee is reportedly preparing to formally schedule a markup session for the Digital Asset Market Clarity Act, according to Fox Business reporter and Crypto In America host Eleanor Terrett.
Terrett reported the development on X Wednesday evening, citing multiple industry sources familiar with the matter.
Senate Banking Committee Eyes Clarity Act Markup
Terrett revealed that draft legislative text was shared with select industry members ahead of a possible committee vote on Thursday.
She noted that the bill’s language is still being finalized, with additional revisions expected to reflect priorities from Democratic lawmakers.
“One source told me the overall vibes after reviewing the bill and coordinating with other industry leaders are positive so far, though some bracketed sections are raising concerns that key provisions previously thought to be settled may still be in flux,” Terrett posted on X
Politico separately reported that Senate Democrats are considering withholding support unless the version that goes to a vote includes ethics-related provisions, a reference to concerns over President Trump’s personal crypto holdings.
The CLARITY Act passed the House last year, but Senate consideration stalled for months. Senators Thom Tillis and Angela Alsobrooks recently released a compromise on stablecoin yields, banning interest equivalent to bank deposits while permitting “bona fide activity-linked” rewards. Coinbase and Circle immediately backed the deal and urged the committee to advance the bill. Five major US banking lobbies, however, argued the language still falls short.
At the Consensus 2026 conference in Miami, Coinbase VP of US Policy Kara Calvert told attendees: “My prediction is that we have a markup next week.” She stressed the bill needs at least 60 votes to pass the Senate. “That means you need Democrats. You need a bipartisan bill, and we have all been working really hard to make sure that bipartisanship holds.”
White House digital assets adviser Patrick Witt added that the administration is targeting July 4 for House passage. “I think that would be a tremendous birthday present for America, celebrating our 250th,” Witt said.
Bipartisan Voter Backing Adds Political Weight
Meanwhile, a new HarrisX national survey of 2,008 registered voters shows that 52% support the CLARITY Act after receiving a neutral description of the bill, while just 11% oppose it.
Support cuts across party lines, with 58% of Republicans, 55% of Democrats, and 42% of independents backing the legislation.
“Voters overwhelmingly favor clearer rules and consumer protections for digital assets,” the poll noted.
Support for the CLARITY Act crosses party lines. Source Harris/X
The findings also carry a direct electoral message for senators on the fence. Backing the CLARITY Act delivers a net positive electoral benefit for lawmakers, with 37% of voters saying they would be more likely to support a senator who votes in favor. Nearly 47% said they would consider voting across party lines for a candidate who supported the bill, a figure that climbs to 72% among crypto holders.
Coinbase CEO Brian Armstrong summarized the moment simply: “Passing the CLARITY Act is a bipartisan, winning issue.”
With broad voter support, political momentum, and a White House deadline in sight, all eyes now turn to the Senate Banking Committee and whether the markup can stay on course for the July 4 target.
