US Senate Banking Committee may delay review of Clarity Act… “Likely pushed back 1–2 months”

The US Senate Banking Committee is said to be considering a plan to delay its review of the crypto market structure bill (the Clarity Act) by 1–2 months.

Citing sources, Bloomberg reported on the 22nd (local time) that the committee is highly likely to further postpone consideration of the Clarity Act until late next month or March. The delay is seen as reflecting the Trump administration’s request to prioritize housing policy ahead of the US midterm elections scheduled for November.

The committee had initially planned to hold a markup on the Clarity Act in mid-month. A markup is the stage in which a congressional committee conducts its final review of a bill before sending it to the full chamber. However, the markup schedule was delayed amid industry pushback from Coinbase and others.

Meanwhile, the US Senate Agriculture Committee released a draft of amendments to the Clarity Act on the day. Based on the amendments, the committee plans to hold a markup on the 27th of this month.