Crypto Market Watches As Clarity Act Enters Senate Debate Next Week: US Senator

There’s still a lot of work to be done by US lawmakers to give clarity (no pun intended) and perhaps closure to the long-standing debate on how the CLARITY Act should be enacted into law, when, and how.

One lawmaker in the person of Senate Banking Committee Chairman Sen. Tim Scott said the CLARITY Act will be debated in the Senate next week, setting up what could be a decisive moment for US crypto rules.

Scott has signaled a markup and a committee vote as early as next Thursday, reports note, putting pressure on negotiators who have been revising the bill for months.

Senate Vote Scheduled For Next Week

According to multiple reports, Scott told press he wants a formal vote to put members on record about market structure for digital assets. The move comes after lawmakers paused action late last year and pushed key work into January, a delay that left the industry watching closely.

Supporters say the bill would aim to spell out which federal agencies regulate different parts of the crypto market, and to reduce some legal uncertainty for exchanges and token projects. Based on reports, the draft includes provisions on how the SEC and CFTC would share oversight and on consumer protections, though most final details are still being hashed out.

Lawmakers Face Key Policy Disputes

Several major sticking points remain unresolved, including rules for decentralized finance, stablecoin yields, and how many regulators are needed to take enforcement actions. Reports have warned that the committee may be rushing toward a vote while those issues are still open, which could complicate getting bipartisan support later on.

Industry groups and some senators have urged more time to iron out those details. That pressure comes as proponents argue the country needs clearer rules to guide firms and investors. The debate has become both technical and political, with members of both parties expressing concern about leaving important protections unclear.

Based on market reports, news of delays and uncertainty around the bill has already moved prices. Bitcoin briefly pushed past $93,000 before retreating to about $86,729 after a recent holdover in the Senate, showing how sensitive crypto markets can be to legislative timing. Traders and firms are watching the calendar closely because even the promise of a vote can sway flows and sentiment.

The House approved its version of the market structure framework last year, meaning a Senate passage would send the measure to the desk of US President Donald Trump for signature. Committee leaders say getting a clear vote on record is important both for transparency and for moving negotiations forward on the Senate floor.

Featured image from National Investigative Training Academy, chart from TradingView