US Senate Banking Committee to Markup CLARITY Act on May 8

The US Senate Banking Committee is preparing to markup the CLARITY Act on May 8, marking a significant step towards crypto regulation in Washington.

A new poll conducted by HarrisX has shown growing bipartisan voter support for the legislation, with 52% of respondents supporting it. The survey also revealed that 37% of voters would be more likely to support lawmakers who backed the CLARITY Act.

The White House is targeting passage of the bill by July 4, but industry stakeholders remain cautious about the tight timeline. Despite the positive momentum, the crypto market has corrected in recent days, with Bitcoin falling below $80,000.