Tim Scott targets May 2026 Clarity Act markup, pending GOP unity
Tim Scott: Digital Asset Market Clarity Act heads to May 2026 markup
Senate Banking Chair Tim Scott said the Digital Asset Market Clarity Act is “in the red zone” and nearing a committee markup expected in May 2026. He flagged unified GOP support on the committee as the gate to proceed (Coinspeaker).
This marks movement after the January 15, 2026, markup delay and months of SEC–CFTC turf friction. Scott spoke in a Fox Business interview on Thursday, signaling a shift from stalling to scheduling (Coinspeaker).
The Digital Asset Market Clarity Act sets statutory boundaries for U.S. digital assets. It defines market structure and agency lanes.
The House passed it 294–134. That vote showed cross-party support for a federal framework (Coinspeaker).
Scott wants Republicans aligned first. He positioned that as a smoother path to bipartisan amendments, not a partisan push (Coinspeaker).
The bill introduces three buckets. Digital commodities. Investment contract assets. And “permitted payment stablecoins” such as USDC and PYUSD (Clarity Act overview).
Stablecoin rules interact with the GENIUS Stablecoins Act of 2025. Issuers operating under that regime would still face the Clarity Act’s market structure rules (Coinspeaker).
- Timeline May 2026 committee markup expected (Coinspeaker)
- Precondition full GOP alignment on Senate Banking (Coinspeaker)
- Scope statutory SEC–CFTC boundaries and asset classifications (bill overview)
- Status House passed 294–134 (Coinspeaker)
