Senate Banking Committee Sets May 14 CLARITY Act Markup as Bank Lobby Mounts Last-Ditch Push

Senate Banking Committee Sets May 14 CLARITY Act Markup as Bank Lobby Mounts Last-Ditch Push

The U.S. Senate Banking Committee will hold an executive session on Thursday, May 14 at 10:30 a.m. ET to consider the Digital Asset Market CLARITY Act of 2025, the market structure bill that has been stuck in committee since January. The bill would establish a federal framework dividing oversight of digital assets between the SEC and the CFTC, defining when a token is a security versus a commodity. The House passed its version 294 to 134 in July…

Banks Ramp Up Stablecoin Yield War Ahead of Pivotal Senate Crypto Bill Vote

Introduction: A High-Stakes Clash in Crypto Regulation The world of blockchain and cryptocurrency is heating up with a major battle between traditional banks and crypto innovators. Banking groups are pushing hard against rules that could let stablecoins offer yields. This fight is happening right before a key vote in the U.S. Senate on the Digital Asset Market Clarity Act. At stake? The future of how we store and move money in the digital age. W…

"We need your help": Banking lobby's last-minute blitz to sink senate crypto vote on May 14

America’s biggest banking lobby, ABA, is making a desperate attempt to change a crypto bill just days before a key Senate vote. The head of the American Bankers Association, Rob Nichols, sent a letter late Sunday night to bank executives across the country. He asked them to call their senators before Thursday. He stated in the letter that it was “urgent advocacy fight that requires your immediate engagement”. He warned that if the bill got the g…

Stablecoin Showdown Expected as Banks Lobby Hard Before May 14 Senate Vote

US banks are reportedly looking to block passage of the CLARITY Act, which was agreed after marathon negotiations lasting more than a year.