<ul>
 <li>Senate Banking Committee will review and vote on the CLARITY Act during a May 14 markup hearing.</li>
 <li>Stablecoin yield rules remain disputed as banking groups push for tighter restrictions before final approval.</li>
 <li>Lawmakers must merge committee versions before sending the updated crypto market structure bill to the Senate floor.</li>
</ul>
<p>The U.S. Senate Banking Committee will review and vote on the Digital Asset Market Clarity Act of 2025 on May 14 at 10:30 a.m. ET. According to crypto journalist Eleanor Terrett, lawmakers will also <a href="https://x.com/EleanorTerrett/status/2052890357952627000?s=20" rel="noopener noreferrer nofollow">consider</a> amendments before combining the committee’s version with the Senate Agriculture Committee’s section ahead of a full Senate vote.</p>
<h2 class="wp-block-heading" id="strong-stablecoin-yield-debate-returns-ahead-of-vote-strong"><strong>Stablecoin Yield Debate Returns Ahead Of Vote</strong></h2>
<p>The markup hearing follows months of delays tied to disagreements over stablecoin yield provisions. Earlier this year, Brian Armstrong said Coinbase would withdraw support for the legislation over concerns tied to yield and other sections.</p>
<p>However, <a href="https://cryptofrontnews.com/clarity-act-senators-thom-tillis-and-angela-alsobrooks-finalize-stablecoin-yield-compromise/" rel="noopener noreferrer nofollow">Senators Thom Tillis and Angela Alsobrooks</a> later introduced compromise language addressing those concerns. The proposal would prohibit crypto firms from offering yield on static stablecoin reserves while still permitting rewards linked to certain activities.</p>
<p>Despite that compromise, several banking trade associations pushed back against the revised language last week. The American Bankers Association, Bank Policy Institute, Independent Community Bankers of America, National Bankers Association, Financial Services Forum, and Consumer Bankers Association submitted recommendations seeking further edits.</p>
<p>According to Terrett, those groups argued the current language still leaves room for programs resembling stablecoin yield products.</p>
<h2 class="wp-block-heading" id="strong-banking-groups-continue-lobbying-effort-strong"><strong>Banking Groups Continue Lobbying Effort</strong></h2>
<p>Meanwhile, a Senate aide described the banking industry’s latest lobbying effort as “pretty milquetoast,” according to Terrett. The aide added lawmakers have shifted focus toward unresolved ethics provisions tied to the legislation.</p>
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<p>Senator Kirsten Gillibrand recently said <a href="https://cryptofrontnews.com/clarity-act-faces-pushback-over-stablecoin-yield-rules/" rel="noopener noreferrer nofollow">the bill</a> should block senior government officials from profiting from the crypto industry while regulating it. Her office later referenced polling showing most registered voters support restrictions on government financial ties to crypto firms.</p>
<p>However, the Senate Banking Committee may not include those ethics provisions in its current markup version.</p>
<h2 class="wp-block-heading" id="strong-senate-prepares-next-step-for-market-structure-bill-strong"><strong>Senate Prepares Next Step For Market Structure Bill</strong></h2>
<p>The Banking Committee’s vote marks the next step for the long-delayed <a href="https://cryptofrontnews.com/clarity-act-banks-split-as-stablecoin-yield-fight-intensifies-now/" rel="noopener noreferrer nofollow">crypto market structure legislation</a>. After committee approval, lawmakers must merge the Banking Committee text with the Senate Agriculture Committee’s version before sending the final package to the Senate floor.</p>
<p>Notably, the full updated bill text had not been released publicly before the scheduled markup hearing.</p>
<p>The post <a href="https://cryptofrontnews.com/senate-sets-may-14-vote-on-crypto-clarity-act/" rel="noopener noreferrer nofollow">Senate Sets May 14 Vote on Crypto CLARITY Act</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Senate Sets May 14 Vote on Crypto CLARITY Act

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