Debate on CLARITY Act continues this week as US Senate returns
US Senate consideration of the Digital Asset Clarity (CLARITY) Act is likely resume as members reconvene this week after an extended Memorial Day holiday. Many US lawmakers and crypto industry leaders are pushing for consideration of the CLARITY Act, a crypto market structure bill introduced by Republicans and passed by the House of Representatives in July 2025. The bill, expected to give more authority to the federal commodities regulator over digital assets, passed two crucial committees before the one-week break. It has been debated in Congress amid pushback from industry and banking representatives over stablecoins, tokenized equities and other issues. “This will be actually the biggest financial regulatory bill that Congress has done in quite some time, certainly since Dodd-Frank,” Coinbase chief policy officer Faryar Shirzad said in a Monday Fox Business interview, referring to a 2010 law in response to the 2008 financial crisis. Coinbase chief policy officer Faryar Shirzad. Source: Fox Business JPMorgan CEO Jamie Dimon said on Friday that the banking industry would not accept the CLARITY Act as written, arguing that the bill allows crypto companies to pay interest on user deposits and stablecoin balances. This week, lawmakers in the Senate will have the opportunity to start consolidating the versions of market