The Senate Banking Committee is preparing to notice a markup for the CLARITY Act as soon as tomorrow, according to multiple industry sources who have seen the draft text. The committee has circulated the legislative language to select industry members ahead of a potential Thursday vote.
The language is still being finalized, with additional edits expected to reflect priorities from Democratic offices. One source told crypto journalist Eleanor Terrett that the overall vibes after reviewing the bill and coordinating with other industry leaders are positive so far. However, some bracketed sections are raising concerns that key provisions previously thought to be settled may still be in flux.
A markup would be a major step forward. The CLARITY Act stalled in the Senate for months even after the House approved it in July 2025 on a bipartisan 294‑134 vote.
What you'll learn 👉
Clarity Act Update: New Poll Shows Broad Public Support
A HarrisX poll conducted May 7, 2026, surveyed 2,008 registered voters. The results show 52% back the CLARITY Act, while only 11% oppose it. Bipartisan support is clear.
Other findings:
- 70% of Americans say the U.S. should have already passed crypto legislation.
- 62% want America to set the global rules for digital assets.
🚨 New @HarrisXdata poll: 52% of voters back the #CLARITYAct (only 11% oppose).
— zBit (@zBit_Official) May 8, 2026
Bipartisan support is clear.
• 70% of Americans say the U.S. should have already passed crypto legislation.
• 62% want America to set the global rules for digital assets.
Survey of 2,008… https://t.co/fdCjHveQJG
The survey also found that 60% favor clear federal rules over regulation driven primarily by lawsuits and enforcement actions.
Related news: How Will Clarity Act Affect Cardano (ADA)?
Polymarket: Better Than 2-in-1 Odds for 2026 Passage
Prediction markets see the CLARITY Act crossing the finish line this year. Polymarket currently assigns a roughly 70% probability of the bill passing in 2026, up from lower levels just days ago. The timeline remains tight. The bill must still advance through the Senate Banking Committee, pass the full Senate, and be reconciled with the House version.
White House digital assets adviser Patrick Witt said at Consensus Miami that the administration is targeting July 4 for passage, with the Senate committee markup expected in May and a floor vote in June. “We are in the red zone,” Chairman Tim Scott said this week.
Related news: ChatGPT Predicts the XRP Price (If the Clarity Act Passes Before July 4)
Our Take on the Clarity Act
This bill is the real deal. For years, the crypto industry survived on enforcement actions and murky guidance from the SEC. The CLARITY Act ends that. It creates a clear line between digital commodities (CFTC) and investment contract assets (SEC). It gives exchanges, brokers, and custodians registration pathways. It provides safe harbors for decentralized finance. And it keeps the U.S. from falling behind offshore crypto hubs.
The stablecoin yield compromise cost the industry something. Passive “buy and hold” rewards are banned. But activity-based rewards tied to real participation survived. That’s a reasonable trade. Banks wanted to kill stablecoin yield entirely. They didn’t get everything they wanted. Neither did crypto. That’s how compromise works.
The biggest risk now is not the bill itself. It’s the calendar. June has only four active Senate weeks. Any delay pushes passage past July 4, and summer recess kills momentum. Polymarket says 70% chance. That feels right. But the next two weeks will decide everything. If the Senate Banking Committee marks up the bill cleanly, the finish line comes into view. If amendments stall progress, we wait another year.
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