This timeline tracks the Senate-side legislative path of the CLARITY Act and related market-structure negotiations, showing a move from House passage and Senate referral into January 2026 markup efforts, postponement, parallel Agriculture Committee action, and continuing March 2026 deadlock.
This page covers the Senate-side sequence visible in the current repository. It includes both Senate Banking and Senate Agriculture materials where they directly affect the path of federal digital-asset market-structure legislation. It does not attempt to reconstruct every House action or every informal negotiation.
- Senate Banking's Digital Assets subcommittee holds a hearing titled
Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure.
- The official committee page preserves the hearing title, date, location, and a witness roster of Sarah Hammer, Greg Xethalis, Ryan VanGrack, and Rostin Behnam.
- The repo now also retains the direct committee PDFs for all four witness statements and the same-day market-structure principles PDF, which gives the repo a materially better Banking-side hearing record than it had before even though a transcript-quality hearing print was not located.
- Why it matters: this is the clearest official Senate Banking process anchor before the July discussion-draft and RFI rollout.
- Source basis:
raw/articles/2026-04-11T163000-0600 senate-banking-digital-asset-market-structure-hearing-june-2025.md, raw/papers/2026-04-11T183000-0600 senate-banking-market-structure-hearing-testimony-packet-june-2025.md
- Congress.gov text versions show H.R. 3633 in an engrossed House version.
- Why it matters: this marks the House-passed stage before Senate handling.
- Source basis:
raw/articles/2026-04-04T183811-0600 text-h-r-3633-119th-congress-2025-2026-digital-asset-market-clarity-act-of-2025-congress-gov-library-of-congress.md
- Senate Banking releases a discussion draft and request for information on digital-asset market-structure legislation.
- Why it matters: this is the earliest clear Senate-side primary-source signal in the current repository that Banking was building a committee-jurisdiction framework rather than waiting only on the House bill.
- Source basis:
raw/papers/2026-04-05T120954-0600 senate-banking-market-structure-discussion-draft-july-2025.md, raw/papers/2026-04-05T120954-0600 senate-banking-digital-asset-market-structure-rfi-july-2025.md
- Congress.gov shows the bill received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs.
- Why it matters: this is the clearest primary-source anchor for the bill's Senate status.
- Source basis:
raw/articles/2026-04-04T183811-0600 h-r-3633-119th-congress-2025-2026-digital-asset-market-clarity-act-of-2025-congress-gov-library-of-congress.md
- Senate Banking circulates a second discussion draft after the July request-for-information period.
- Why it matters: the later draft makes the January 2026 markup push look like a revised committee product, not just a press-level initiative.
- Source basis:
raw/papers/2026-04-05T120954-0600 senate-banking-market-structure-second-discussion-draft-september-2025.md
- Senate Banking Chair Tim Scott announces a January 15 markup on comprehensive digital-asset market-structure legislation.
- Why it matters: it signals an effort to move a Senate Banking product rather than leave the House bill dormant.
- Source basis:
raw/articles/2026-04-04T183812-0600 chairman-scott-announces-digital-asset-market-structure-markup-united-states-committee-on-banking-housing-and-urban-affa.md
- Senate Banking's majority page says Scott releases a bipartisan negotiated manager's amendment reflecting months of negotiations with Democratic colleagues.
- Why it matters: this is now the clearest primary-source anchor for the January negotiated Banking text and moves that document from tentative inference to source-backed markup-stage material.
- Source basis:
raw/articles/2026-04-05T210611-0600 chairman-scott-releases-bipartisan-negotiated-market-structure-bill-text.md, raw/papers/2026-04-05T124225-0600 senate-banking-manager-amendment-january-2026.md
- Senate Banking Republicans publish "Myth vs. Fact" and "The Facts" pages defending the CLARITY Act.
- The same Senate Banking rollout also links four one-page fact sheets on everyday Americans, regulatory clarity, DeFi or software developers, and illicit finance.
- The repo now also retains the official committee
Myth vs. Fact: The CLARITY Act PDF in addition to the page capture.
- Reuters also reports senators unveiling long-awaited draft legislation and identifies stablecoin rewards as a major sticking point between banks and crypto firms.
- Why it matters: official messaging and outside reporting align on an active Senate push, and the repo now preserves a stronger Banking-side markup packet than before even though transcript-quality committee records are still missing.
- Source basis:
raw/articles/2026-04-04T183815-0600 myth-vs-fact-the-clarity-act-united-states-committee-on-banking-housing-and-urban-affairs.md, raw/articles/2026-04-04T183815-0600 the-facts-the-clarity-act-united-states-committee-on-banking-housing-and-urban-affairs.md, raw/papers/2026-04-11T183100-0600 senate-banking-genius-and-clarity-markup-documents-2025-2026.md, raw/papers/2026-04-11T150400-0600 clarity-act-protects-everyday-americans-fact-sheet.md, raw/papers/2026-04-11T150500-0600 clarity-act-regulatory-clarity-for-the-crypto-industry-fact-sheet.md, raw/papers/2026-04-11T150600-0600 clarity-act-protects-software-developers-and-defi-fact-sheet.md, raw/papers/2026-04-11T150700-0600 clarity-act-illicit-finance-fact-sheet.md, raw/articles/2026-04-04T184255-0600 US senators introduce long-awaited bill to define crypto market rules.md
- Tim Scott announces the markup is postponed as bipartisan negotiations continue.
- The Senate Banking executive-session page lists the January 15 markup as postponed.
- Why it matters: this is the key turning point where visible committee momentum stalls.
- Source basis:
raw/articles/2026-04-04T183814-0600 scott-statement-on-market-structure-markup-united-states-committee-on-banking-housing-and-urban-affairs.md, raw/articles/2026-04-05T210611-0600 senate-banking-executive-session-january-2026.md
- Senate Agriculture Chair John Boozman releases updated market-structure text and schedules a business meeting.
- Why it matters: the Senate process continues on a parallel Agriculture track even after the Banking delay.
- Source basis:
raw/articles/2026-04-04T183816-0600 2026-01-21-chairman-boozman-unveils-updated-market-structure.md, raw/papers/2026-04-05T120954-0600 senate-agriculture-digital-commodity-intermediaries-act-january-2026.md
- Senate Agriculture advances the Digital Commodity Intermediaries Act and describes it as building on the House-passed CLARITY Act.
- The committee business-meeting page for the same date also lists multiple first-degree amendments from several senators, and the repo now preserves representative amendment PDFs individually.
- Why it matters: Senate Agriculture moves a related product while Senate Banking remains unresolved, and the repository can now anchor that step to an actual amendment-stage packet rather than a press release alone.
- Source basis:
raw/articles/2026-04-04T183817-0600 2026-01-29-boozman-leads-ag-committee-in-advancing-crypto-market.md, raw/articles/2026-04-05T124225-0600 senate-agriculture-business-meeting-digital-commodity-intermediaries-act-january-2026.md, raw/papers/s__bennet_1st_degree_1pdf.md, raw/papers/s__durbin_1st_degree_2pdf.md, raw/papers/s__klobuchar_1st_degree_1pdf.md, raw/papers/s__marshall_1st_degree_1pdf.md
- Reuters reports a White House meeting intended to bridge the bank-crypto stalemate ends without agreement.
- Why it matters: the dispute has escalated beyond committee rooms into White House-mediated talks.
- Source basis:
raw/articles/2026-04-04T184318-0600 White House meeting fails to resolve US crypto legislation stalemate.md
- Reuters reports a renewed impasse after banks reject a White House-backed compromise.
- Why it matters: by March, the bill is still active but faces serious doubts about passage.
- Source basis:
raw/articles/2026-04-04T184342-0600 Crypto bill hits new impasse, raising doubts over its future.md
- CoinDesk and FinTech Weekly both describe the bill as still moving through negotiations, with stablecoin-yield language close to compromise but broader political trades and calendar constraints still unresolved.
- Why it matters: the bill remains alive, but the bottleneck has become political packaging and timing rather than only technical drafting.
- Source basis:
raw/articles/2026-04-04T183821-0600 crypto-clarity-act-inches-toward-senate-hearing-as-lawmakers-weigh-legislative-trades-x-icon-x-icon.md, raw/articles/2026-04-04T183819-0600 clarity-act-stablecoin-yield-is-99-resolved-a-new-political-trade-just-complicated-everything-else-fintech-weekly.md
- The July 2025 Banking discussion draft and RFI show that Senate-side framework building began before the formal January 2026 markup push.
- Senate referral in September 2025 turns House passage into a Senate-process question.
- The January 2026 markup postponement is the clearest procedural break in momentum.
- Senate Agriculture's January activity shows the issue did not disappear after the Banking delay.
- White House intervention in February 2026 confirms that stakeholder conflict had become a broader political-management problem.
raw/articles/2026-04-04T183811-0600 h-r-3633-119th-congress-2025-2026-digital-asset-market-clarity-act-of-2025-congress-gov-library-of-congress.mdraw/articles/2026-04-04T183811-0600 text-h-r-3633-119th-congress-2025-2026-digital-asset-market-clarity-act-of-2025-congress-gov-library-of-congress.mdraw/papers/2026-04-05T120954-0600 senate-banking-market-structure-discussion-draft-july-2025.mdraw/papers/2026-04-05T120954-0600 senate-banking-market-structure-second-discussion-draft-september-2025.mdraw/papers/2026-04-05T120954-0600 senate-banking-digital-asset-market-structure-rfi-july-2025.mdraw/papers/2026-04-05T124225-0600 senate-banking-manager-amendment-january-2026.mdraw/articles/2026-04-05T210611-0600 chairman-scott-releases-bipartisan-negotiated-market-structure-bill-text.mdraw/articles/2026-04-04T183812-0600 chairman-scott-announces-digital-asset-market-structure-markup-united-states-committee-on-banking-housing-and-urban-affa.mdraw/articles/2026-04-04T183814-0600 scott-statement-on-market-structure-markup-united-states-committee-on-banking-housing-and-urban-affairs.mdraw/articles/2026-04-05T210611-0600 senate-banking-executive-session-january-2026.mdraw/articles/2026-04-04T183816-0600 2026-01-21-chairman-boozman-unveils-updated-market-structure.mdraw/articles/2026-04-04T183817-0600 2026-01-29-boozman-leads-ag-committee-in-advancing-crypto-market.mdraw/papers/2026-04-05T120954-0600 senate-agriculture-digital-commodity-intermediaries-act-january-2026.mdraw/articles/2026-04-05T124225-0600 senate-agriculture-business-meeting-digital-commodity-intermediaries-act-january-2026.mdraw/papers/s__bennet_1st_degree_1pdf.mdraw/papers/s__durbin_1st_degree_2pdf.mdraw/papers/s__klobuchar_1st_degree_1pdf.mdraw/papers/s__marshall_1st_degree_1pdf.mdraw/articles/2026-04-04T184255-0600 US senators introduce long-awaited bill to define crypto market rules.mdraw/articles/2026-04-04T184318-0600 White House meeting fails to resolve US crypto legislation stalemate.mdraw/articles/2026-04-04T184342-0600 Crypto bill hits new impasse, raising doubts over its future.mdraw/articles/2026-04-04T183819-0600 clarity-act-stablecoin-yield-is-99-resolved-a-new-political-trade-just-complicated-everything-else-fintech-weekly.mdraw/articles/2026-04-04T183821-0600 crypto-clarity-act-inches-toward-senate-hearing-as-lawmakers-weigh-legislative-trades-x-icon-x-icon.md
- The current corpus does not fully resolve how a Senate Banking product, the Agriculture Committee product, and the House bill would be merged.
- Secondary reporting conflicts on how close the stablecoin-yield compromise really was in March 2026.
- Transcript-quality Senate Banking committee records and a fuller Banking-side amendment or markup packet are still missing, even though the repo now has the official June 24 hearing page, the hearing testimony packet, the same-day principles PDF, the January 2026 negotiated-text release, the myth-vs-fact PDF, and the fact-sheet set.
- H.R.3633 - 119th Congress (2025-2026): Digital Asset Market Clarity Act of 2025 | Congress.gov | Library of Congress
- Text - H.R.3633 - 119th Congress (2025-2026): Digital Asset Market Clarity Act of 2025 | Congress.gov | Library of Congress
- Senate Banking Committee Digital Asset Market Structure Legislation Discussion Draft
- Senate Banking Committee Market Structure Discussion Draft 2
- Senate Banking Committee Digital Asset Market Structure Request for Information
- Senate Banking hearing on bipartisan legislative frameworks for digital asset market structure
- Senate Banking Committee manager's amendment to digital asset market structure legislation
- Chairman Scott Releases Bipartisan Negotiated Market Structure Bill Text
- Chairman Scott Announces Digital Asset Market Structure Markup | United States Committee on Banking, Housing, and Urban Affairs
- Scott Statement on Market Structure Markup | United States Committee on Banking, Housing, and Urban Affairs
- Myth vs. Fact: The CLARITY Act | United States Committee on Banking, Housing, and Urban Affairs
- Senate Banking GENIUS and CLARITY markup documents, 2025-2026
- The Facts: The CLARITY Act | United States Committee on Banking, Housing, and Urban Affairs
- Senate Banking executive session markup page, January 15, 2026
- FACT SHEET: The CLARITY Act Protects Everyday Americans
- FACT SHEET: The CLARITY Act Delivers Regulatory Clarity for the Crypto Industry
- FACT SHEET: The CLARITY Act Protects Software Developers While Promoting Responsible DeFi Innovation
- FACT SHEET: The CLARITY Act Cracks Down on Illicit Finance
- [2026-01-21] Chairman Boozman Unveils Updated Market Structure...
- [2026-01-29] Boozman Leads Ag Committee in Advancing Crypto Market...
- Digital Commodity Intermediaries Act
- Senate Agriculture business meeting on the Digital Commodity Intermediaries Act
- Bennet first-degree amendment 1
- Durbin first-degree amendment 2
- Klobuchar first-degree amendment 1
- Marshall first-degree amendment 1
- US senators introduce long-awaited bill to define crypto market rules
- White House meeting fails to resolve US crypto legislation stalemate
- Crypto bill hits new impasse, raising doubts over its future
- CLARITY Act: Stablecoin Yield Is 99% Resolved. A New Political Trade Just Complicated Everything Else. - FinTech Weekly
- Crypto Clarity Act inches toward Senate hearing as lawmakers weigh legislative trades X icon X icon