CLARITY Act Markup Set For May, Says Senator Cynthia Lummis Eyeing ‘Finish Line’ After 3-Month Delay

• CLARITY Act markup missed its April deadline after Senator Thom Tillis requested more time to review key provisions, particularly around stablecoin regulation and yield structures.
• The delay comes after Thom Tillis requested more time to review key provisions, particularly around stablecoin regulation and yield structures.
• The Senate Banking Committee did not include the bill in its late-April schedule, effectively pushing consideration into early or mid-May.

Senator Cynthia Lummis (R-WY) said on Monday that she intends to get the CLARITY Act across the finish line in May after weeks of scheduling setbacks and debate between the cryptocurrency and banking industries.

“We are gonna markup the CLARITY Act in May,” she said at the Bitcoin Conference 2025. “We are gonna get it to the finish line. We are gonna have the market structure that allows us to innovate.” At the DC Blockchain Summit in March, she said the Senate Banking Committee would take it up in the second half of April. That timeline has now slipped.

This would mean the markup is likely to happen in the week of May 11, which is the first possible window, since the Senate is on recess before then.

CLARITY Act Markup Delayed To May

Senator Thom Tillis (R-NC) told reporters last week pushed for additional time to address outstanding issues, particularly around stablecoin regulation and yield-related provisions.

At the center of the impasse is how stablecoin rewards should be treated under U.S. financial regulations. Banks have raised concerns about how yield-bearing digital assets could fit within existing frameworks, while crypto firms, especially Coinbase (COIN) CEO Brian Armstrong, argue for more flexible rules to support innovation.

COIN’s stock edged 0.6% lower in afternoon trade amid weakness in the broader market. Retail sentiment around the company trended in ‘bullish’ territory over the past day, with chatter at ‘high’ levels. Bitcoin (BTC) fell 1.8% in the last 24 hours to around $76,800. 

These disagreements have prevented the bill from advancing to the Senate floor, despite strong lobbying efforts from the digital asset industry. Even if the committee advances the bill in May, several steps remain before it can become law. The legislation would need to pass a Senate floor vote, likely requiring 60 votes, before being reconciled with versions from the House and the Agriculture Committee.

Meanwhile, President Donald Trump told memecoin holders at Mar-a-Lago over the weekend that he wants the bill passed and would sign it immediately.

Read also: Michael Saylor’s Latest Bitcoin Buy Is 10x Smaller After $2.5B Spending Spree

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