Senate reconvenes as debate on CLARITY Act resumes

As members reconvene after an extended Memorial Day holiday, the US Senate is set to resume consideration of the Digital Asset Clarity (CLARITY) Act. Introduced by Republicans and passed by the House in July 2025, the bill would give more authority to the federal commodities regulator and had cleared two crucial committees before the break.

Debate has centered on stablecoins, tokenized equities and other market-structure issues, with pushback from industry and banking representatives. Coinbase chief policy officer Faryar Shirzad described the measure as "actually the biggest financial regulatory bill that Congress has done in quite some time, certainly since Dodd-Frank." JPMorgan CEO Jamie Dimon said the banking industry would not accept the CLARITY Act as written, arguing it allows crypto firms to pay interest on user deposits and stablecoin balances.

United States

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