#Gate广场五月交易分享 CLARITY Act Advances in the Senate, Final Sprint for Stablecoin Regulation

The U.S. Senate Banking Committee plans to vote on the Digital Asset Market Clarity Act (CLARITY Act) as early as May 14, 2026.
Multiple media outlets report that the vote is scheduled for 10:30 a.m. Eastern Time on May 14, at the Dirksen Senate Office Building. This milestone cryptocurrency regulation bill has been shelved in the Senate for months and is finally reaching a critical point.
The breakthrough occurred on May 1, 2026, when Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the stablecoin yield provisions. The agreement prohibits stablecoins from paying passive yields to holders, meaning holding USDC or USDT will not generate interest-like returns, but activities related to trading, trading volume, or platform usage rewards are still permitted.
Chairman of the Senate Banking Committee Tim Scott aims to complete markup before Memorial Day recess on May 21, while the White House hopes the bill will be signed into law by the President on July 4 — America’s 250th Independence Day.
The CLARITY Act was passed by the House in a bipartisan vote of 294 to 134 in July 2025, but then stalled in the Senate over stablecoin yield issues.
Once enacted, the bill will clearly delineate the jurisdiction boundaries between the SEC and CFTC over digital assets, establish appropriate frameworks for exchanges and institutions, and end years of regulatory enforcement.
Draft legislation has been distributed to selected industry participants, and supporters are pushing for a Senate floor vote after committee approval.
The Consensus conference held in Miami in 2026 saw record institutional participation. Among 20k attendees, 35% represented institutions managing approximately $10 trillion in assets. Senators Cynthia Lummis and Bernie Moreno warned at the event that if the bill cannot be advanced now, meaningful cryptocurrency legislation could be delayed until 2030.
Ripple CEO Brad Garlinghouse predicted during the conference that the CLARITY Act would pass before the end of May.
Digital Chamber CEO Cody Carbone, Senator Ashley Moody, and CFTC Chairman Michael Selig also attended related meetings, emphasizing ongoing engagement between policymakers and the digital asset industry.
However, opposition voices are also strong — the American Bankers Association (ABA) and the Bank Policy Institute (BPI) issued a joint statement on May 4, 2026, formally opposing the stablecoin yield provisions, warning that allowing stablecoins to offer rewards would create unfair competition with U.S. bank deposits.
There are also warnings within the community: before the markup review officially appears on the Senate’s schedule, the timeline remains unconfirmed.
Senators Thom Tillis and Angela Alsobrooks stated they “both reserve the right to their opinions” and will continue to push the bill forward. If the Banking Committee advances the bill on May 14, the House and Senate will need to reconcile their versions before it can be sent to the President for signature.
For the crypto industry, passing the CLARITY Act would be a historic breakthrough. Once a clear regulatory framework is implemented, legal barriers to institutional capital entry will be largely removed, and the flow of funds into Bitcoin and Ethereum ETFs is expected to further solidify. Conversely, if legislation is delayed again, market uncertainty will persist, and short-term volatility will be difficult to avoid.