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The US CLARITY Act is set to advance to a Senate Banking Committee vote on May 14, marking a major development for the cryptocurrency industry in the United States. Senate Banking Committee Chair Tim Scott confirmed the markup date, prompting strong reactions from crypto companies and policy advocates seeking clearer digital asset regulations. Coinbase Chief Policy Officer Faryar Shirzad described the scheduled vote as a significant step forward for innovation and regulatory certainty. The legislation was first introduced in July 2025 and aims to establish a comprehensive framework for digital assets, stablecoins, and decentralized finance. However, the bill faced delays earlier this year after Coinbase withdrew support over concerns surrounding legal protections for open-source developers, restrictions on stablecoin yield products, and proposed DeFi regulations. The upcoming markup is now viewed as a critical moment that could shape the future of crypto regulation, innovation, and investment activity across the United States. Source: X.com

Coinbase, Kraken, and Gemini reportedly lobbied US lawmakers to remove language from a proposed crypto market structure bill that could have restricted token listings on digital asset exchanges. According to reports, the provision would have required trading platforms to offer only tokens “not readily susceptible to manipulation.” The exchanges argued that the wording was too broad and could create uncertainty around compliance, potentially limiting the availability of numerous digital assets. Industry representatives reportedly pushed senators to eliminate the clause during discussions earlier this year as lawmakers worked on broader crypto market reforms. Supporters of the provision believed it would strengthen investor protection and reduce the risk of manipulation in crypto trading markets. Critics, however, argued that enforcing such standards could be impractical in decentralized markets and might discourage innovation. The lobbying effort reflects the continuing battle between regulators and crypto firms over how digital asset markets should be governed in the United States. Source: X.com