Senator Tim Scott Predicts Crypto Clarity Act Will Reach Trump's Desk This Summer

The Senate Banking Committee is expected to hold a markup session in May, followed by a full Senate floor vote in June or July 2025, with the bill potentially landing on President Trump's desk before the end of summer.

The Clarity Act aims to establish a clear federal regulatory framework for digital assets, resolving longstanding jurisdictional questions between the SEC and CFTC over crypto oversight.

Passage would mark a major milestone for the U.S. cryptocurrency industry, which has long lobbied for definitive crypto legislation. Stay tuned for updates as the Senate Banking Committee markup date is confirmed.