He Senate Banking Committee will meet on Thursday, May 14, to consider the Digital Asset Market Clarity Act of 2025, putting the crypto market structure bill back on the calendar after a postponement in January.
The notice follows months of conversations about regulatory jurisdiction, consumer protection, developer protection and stablecoin rewards. CoinDesk reported last week that crypto companies had backed a stablecoin performance pledge aimed at unlocking the bill.
Cody Carbone, CEO of The Digital Chamber, said the notice marks “an important step” toward clarity for the more than 70 million Americans who use cryptocurrencies.
Summer Mersinger, CEO of the Blockchain Association, called the margin notice “an important step toward establishing clear rules for digital asset markets.”
“This work reflects months of serious engagement on difficult issues, from SEC-CFTC jurisdiction to consumer protection and developer protection,” Mersinger said. “Clear statutes are what American consumers, businesses and innovators deserve.”
Kristin Smith, president of the Solana Policy Institute, called the margin “a defining moment for American leadership in financial markets.” Miller Whitehouse-Levine, the group’s chief executive, said the date is “the first step” in giving builders and financial institutions certainty to build on-line in the US.
Ji Hun Kim, CEO of the Crypto Council for Innovation, said “the momentum is real and the time is now.” The margin, he said, brings the United States closer to a framework that safeguards consumers, provides investors with clear information, protects developers and supports responsible innovation.
The markup gives the Senate Caucus another chance to advance the bill ahead of the White House’s July 4 target for passage of the Clarity Act.
Although the crypto industry is celebrating the hearing date, the banking industry said it still has concerns.
A joint letter to Senate Banking Committee leaders Tim Scott and Elizabeth Warren from a coalition of banking trade associations said they still had some concerns with the bill, proposing modifications to the text of the legislation.
