Senate Targets April Markup for CLARITY Act
Final text for the CLARITY Act could arrive within days, with the Senate planning committee markup in the second half of April. The Senate version expands significantly beyond the House bill that passed in July 2025.
Key Takeaway
Final text drops soon, but DeFi protections and stablecoin rewards remain unresolved before April markup.
Senator Cynthia Lummis said final legislative text for the CLARITY Act could be released within days, with the Senate preparing for committee markup in the second half of April.
The Senate version is significantly broader than the House bill that passed in July 2025. Amendments have expanded the market structure scope, but several key issues remain unresolved heading into markup.
DeFi protections and safe harbors for developers and validators are still contested. Stablecoin rewards compensation is another open question — the GENIUS Act passed last year banned interest on stablecoins but stayed silent on rewards-based mechanisms. Issuer-style disclosure requirements for tokens continue to draw debate.
The CLARITY Act represents Congress's most serious attempt to resolve the SEC-CFTC jurisdictional fight that's persisted since Bitcoin's early days. The bill codifies a three-tier asset classification system: digital commodities under CFTC oversight, investment contract assets under the SEC, and permitted payment stablecoins.
Prevention of illicit use of digital assets is expected to be a major debate point during the April markup.
This article was written based on reporting from BeInCrypto.
