The US CLARITY Act, legislation designed to bring clearer regulatory rules to the cryptocurrency industry, is scheduled for a vote by the Senate Banking Committee on Thursday.
Senator Tim Scott, the committee chair, confirmed the markup date, prompting strong reactions from the crypto sector after months of delays. The bill, originally introduced in July 2025, stalled earlier this year when Coinbase withdrew its support, citing concerns over legal protections for open source software developers, a prohibition on stablecoin yield, and DeFi regulations.
Coinbase Chief Legal Officer Paul Grewal expressed enthusiasm, while Chief Policy Officer Faryar Shirzad called it a “big step forward,” emphasizing the legislation is critical for protecting consumers and fostering innovation in the United States. Senator Cynthia Lummis, a pro-crypto advocate, urged for the bill's passage out of committee.
Last week, Coinbase Vice President of US Policy Kara Calvert predicted the markup, stating the bill would need at least 60 votes in the Senate and bipartisan support to become law.