US crypto market-structure bill moves toward the Senate floor with ethics terms contested
The Banking Committee advanced the CLARITY Act 15-9 in May. A merged Banking-Agriculture text arrived on July 22, but lawmakers still disagree over stablecoin rewards, anti-money-laundering safeguards and restrictions on public officials' crypto businesses.
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A merged Banking-Agriculture text was released on July 22, 2026.
Majority and minority offices disagree over the coverage and enforceability of the ethics section.
The Banking Committee advanced the bill 15-9 on May 14, 2026.
Banking Committee majority members released markup text on May 12, 2026.