Stablecoin

2026

Momentum

Polymarket

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li>Senate Banking Committee targets the week of May 11, 2026, for the Structure Market Bill markup plan</li>
 <li>Polymarket shows 46 percent approval odds for 2026 passage, reflecting cautious market sentiment</li>
 <li>Stablecoin yield rules and ethics restrictions remain key hurdles in Structure Market Bill talks</li>
 <li>Lummis and Scott expect May markup momentum as Senate aligns competing crypto regulation drafts</li>
</ul>
Structure Market Bill <a href="https://blockonomi.com/clarity-act-faces-uncertain-future-as-gop-senators-remain-divided/" rel="noopener noreferrer nofollow">(Clarity Act)</a> enters a decisive phase in May 2026 as Senate lawmakers approach markup discussions while industry experts, prediction markets, and regulatory stakeholders assess timing, political alignment, and legislative momentum shaping potential approval outcomes across the U.S. crypto policy landscape.
<h2 id="b-senate-push-builds-around-may-markup-window-b">Senate Push Builds Around May Markup Window</h2>
Momentum around the Structure Market Bill (Clarity Act) has intensified as the Senate Banking Committee targets a May 2026 markup window following extended negotiations across party lines and regulatory agencies involved in digital asset oversight.
Senator Tim Scott described the bill as being in the red zone, signaling readiness for committee-level advancement and structured debate during the scheduled session.
Lawmakers are now aligning schedules ahead of a possible week of May 11, 2026, marking session for the Structure Market Bill (Clarity Act) within the Senate Banking Committee.
Cynthia Lummis stated that the Structure Market Bill (Clarity Act) is expected to move into markup during May, reinforcing legislative urgency among supporters.
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 NEW: <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f1fa-1f1f8.png" alt="🇺🇸"> Cynthia Lummis says Bitcoin and crypto clarity is coming this month.
 “The U.S. will lead the world in Bitcoin” <a href="https://t.co/VJqbP4jOE5" rel="noopener noreferrer nofollow">pic.twitter.com/VJqbP4jOE5</a>
 — CEO (@Investments_CEO) <a href="https://twitter.com/Investments_CEO/status/2050538554778927111?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 2, 2026</a>
 </blockquote>
</div>
<a href="https://parameter.io/ripple-ceo-predicts-2026-will-be-record-breaking-year-for-crypto/" rel="noopener noreferrer nofollow">Ripple CEO</a> Brad Garlinghouse adjusted expectations from April to May, noting limited time remains for legislative progress on the Structure Market Bill (Clarity Act).
Senator Scott expressed confidence that the bill could reach Senate floor consideration after committee approval, with broader vote discussions expected later in the summer.
Senator Bernie Moreno warned that missing the end-of-May window could significantly delay negotiations due to tighter legislative scheduling constraints.
<h2 id="b-market-odds-stablecoin-rules-and-classification-debates-b">Market Odds, Stablecoin Rules, and Classification Debates</h2>
<a href="https://moneycheck.com/kalshi-crushes-records-with-14-81b-in-april-volume-as-prediction-markets-surge-past-150b-milestone/" rel="noopener noreferrer nofollow">Prediction markets</a> continue to reflect divided expectations on the Structure Market Bill (Clarity Act), with varying probability estimates across platforms. 
Polymarket currently assigns around a forty-six percent chance of full approval in 2026, reflecting moderate optimism among traders.
Kalshi data shows lower short-term approval expectations, with probabilities ranging below forty percent for near-term legislative passage. 
Stablecoin yield provisions remain a core negotiation point within the Structure Market Bill (Clarity Act) discussions in Senate committees.
Lawmakers are considering restrictions on passive yield while preserving reward-based mechanisms tied to user activity across crypto platforms. 
Separately, proposed ethics measures under the Coin Act have introduced friction due to potential conflicts involving digital asset ownership.
If passed, the bill would establish federal classification of major cryptocurrencies Bitcoin, Ethereum, and<a href="https://coincentral.com/ripple-xrp-price-sentiment-hits-2-year-high-as-triangle-pattern-reaches-apex/" rel="noopener noreferrer nofollow"> XRP</a> as commodities.
Final approval requires committee clearance, Senate floor voting, reconciliation between House and Senate versions, and presidential assent.
Stakeholders continue monitoring legislative coordination as May 2026 remains a decisive period for crypto market structure regulation. 
The Structure Market Bill (Clarity Act) requires alignment between Senate Banking and Agriculture Committee versions before floor consideration proceeds.
Negotiators continue resolving differences on regulatory scope and enforcement authority across digital asset market definitions. Committee staff expect continued discussion following the May recess period as procedural drafting intensifies.
Industry participants continue tracking legislative signals as market sentiment adjusts to shifting approval timelines and political negotiation cycles.&nbsp;
The post <a href="https://blockonomi.com/senate-banking-committee-eyes-may-11-markup-for-clarity-act-progress/" rel="noopener noreferrer nofollow">Senate Banking Committee Eyes May 11 Markup for Clarity Act Progress</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Senate Banking Committee Eyes May 11 Markup for Clarity Act Progress

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