- Senate lawmakers are preparing to begin CLARITY Act markup as early as next week.
- Trump could sign the CLARITY Act before July 4 if Senate negotiations stay on track.
- Stablecoin yield compromise has reduced one major obstacle delaying the CLARITY Act.
The Digital Asset Market CLARITY Act moved closer to Senate consideration as Senator Bernie Moreno said lawmakers plan to begin the bill’s markup process next week, while also indicating that President Donald Trump could sign the legislation before July 4.
The comments came during the Solana Accelerate event, where Moreno outlined the latest progress surrounding the crypto market structure proposal and described ongoing efforts to consolidate multiple committee jurisdictions into a final legislative package.
According to Moreno, the Senate’s passage of the GENIUS Act has helped clear the path for the next phase of digital asset legislation.
Stablecoin Yield Dispute Moves Toward Resolution
Moreno also stated that one of the major disagreements tied to the legislation has now been addressed. The dispute centered on stablecoin yield provisions and whether third-party platforms should be permitted to distribute returns generated from stablecoin balances.
The compromise was reportedly led by Senators Thom Tillis and Angela Alsobrooks, helping negotiations move forward after months of delays. The issue had remained unresolved since January and contributed to uncertainty surrounding the bill’s timeline.
Moreno said lawmakers are now focused on combining provisions from several committees into what he described as a “tidy package” before advancing the legislation to the White House. He added that the administration is expected to receive the finalized bill before the end of June.
Industry and Political Pressure Intensifies
The legislation has continued to attract support from various sectors of the crypto industry, including comments from Brian Armstrong. However, divisions remain among traditional banking organizations over the stablecoin provisions included in the proposal.
Investor Paul Barron stated that the markup process could still begin on May 11 despite concerns that banking groups may attempt to delay the legislation.
Meanwhile, Brad Garlinghouse said during the Consensus conference that the next two weeks could determine whether the bill advances before the 2026 U.S. midterm election cycle intensifies. Garlinghouse warned that delays beyond that period could reduce the legislation’s chances of passage.
Related: CLARITY Act Nears Markup as Stablecoin Yield Compromise Finalized
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