Senate Banking Committee to Hold Markup Hearing for Clarity Act on May 14
The Senate Banking Committee is set to conduct a markup hearing for the Digital Asset Market Clarity Act on May 14, as noted by CoinDesk. This legislation has faced delays primarily due to contentious issues related to stablecoin yield but has recently seen potential compromises.
On May 8, 2026, the Senate Banking Committee announced that it will hold a markup hearing for the Digital Asset Market Clarity Act of 2025, known as the Clarity Act, on May 14 at 10:30 a.m. The act, which has been stalled since January due to disagreements, particularly involving stablecoin yield, is now advancing following a compromise agreement facilitated by Senators Thom Tillis and Angela Alsobrooks.
Initially, the Clarity Act faced scrutiny when Coinbase’s CEO Brian Armstrong withdrew the exchange’s support, citing concerns over provisions related to stablecoins. The recently proposed compromise would disallow crypto firms from providing yield on static stablecoin reserves, while still permitting rewards for stablecoins engaged in activities, which seems to address one of the major points of contention.
Despite the committee’s push to move forward, various banking industry groups still express concerns about the new language in the bill. A joint letter from associations including the American Bankers Association highlighted the need for further revisions to better protect consumers while supporting innovation in digital assets.
In addition to these discussions, Senator Kirsten Gillibrand has emphasized the importance of including an ethics provision that prohibits senior government officials from having financial ties to the crypto sector while they are also involved in its regulation. Polling data, as reported by her office, suggests that a significant majority of registered U.S. voters concur with this stance.
Following the markup hearing, the Senate will have to reconcile the Banking Committee’s version of the Clarity Act with that of the Senate Agriculture Committee. This merging process is vital for the bill to progress to a Senate-wide vote.
The continued discussions around this legislation are indicative of the ongoing efforts to construct a cohesive regulatory framework for digital assets, an area that remains complex amid rapidly evolving technologies and market conditions.
Summary based on original reporting by Nikhilesh De at CoinDesk, originally published May 8, 2026. SolanaWire does not republish source content.
Ethereum Developers Support Buterin's Framework, Call for Faster Execution
Ethereum developers welcome Vitalik Buterin's updated "Lean Ethereum" roadmap, emphasizing privacy and quantum resistance. While there is general consensus on the direction of the plan, concerns arise over its three-to-four-year timeline, prompting calls for accelerated progress, according to CoinDesk.
23 minutes ago·CoinDesk·Reported by Margaux Nijkerk
TeraWulf Signs $19 Billion Lease with Anthropic, Boosting Bitcoin Mining Stocks
TeraWulf has signed a 20-year lease with Anthropic for a data center that could yield $19 billion in revenue, prompting a strong surge in Bitcoin mining stocks, according to Decrypt. The lease supports an AI data center project, marking a significant pivot for TeraWulf from traditional Bitcoin mining to artificial intelligence infrastructure.
38 minutes ago·Decrypt·Reported by Decrypt Agent
BitMine Expands Ethereum Holdings by $73 Million Amid Bitcoin Sell-Off
BitMine, led by Chairman Tom Lee, acquired over $73 million in Ethereum, bringing its treasury to more than 5.74 million ETH. The move comes as Strategy, a competing Bitcoin-focused firm, sold $216 million in BTC to cover dividends, highlighting contrasting strategies in the current market, according to Decrypt.
1 hour ago·Decrypt·Reported by Logan Hitchcock
Securitize Plans Acquisitions with $400 Million Following NYSE Debut
Securitize intends to pursue acquisitions of complementary businesses with the $400 million it raised through its recent public listing, as reported by CoinDesk. CEO Carlos Domingo emphasizes the firm's focus on expanding its institutional tokenization services rather than acquiring competitors.
1 hour ago·CoinDesk·Reported by Krisztian Sandor
Trending this week
Summer.fi Halts Lazy Summer Vaults After $6 Million Exploit
Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults following an exploit that drained approximately $6 million from the platform, according to CoinDesk. The SUMR token fell over 18% after the incident was reported by several blockchain security firms, including Blockaid and PeckShield.
2 hours ago·CoinDesk·Reported by Francisco Rodrigues
Cantor Fitzgerald Highlights Importance of STRC for Strategy's Recovery
Cantor Fitzgerald emphasizes that restoring Strategy's preferred shares, STRC, to par is crucial for the company's recovery and its ability to resume bitcoin acquisitions, according to a report by CoinDesk. The Wall Street bank expects management to undertake frequent actions to stabilize its capital structure and benefit both preferred and common shareholders.
3 hours ago·CoinDesk·Reported by Will Canny
Bitmine Expands Ethereum Holdings by $74 Million Amid Regulatory Optimism
Bitmine Immersion has acquired an additional 42,197 ether, valued at approximately $74 million, as reported by CoinDesk. Chairman Tom Lee suggests this increased investment is driven by rising optimism toward the Clarity Act, which may improve regulatory clarity in the cryptocurrency space.
3 hours ago·CoinDesk·Reported by Krisztian Sandor
Vitalik Buterin Announces Major Overhaul for Ethereum's Future
Ethereum co-founder Vitalik Buterin reveals a new roadmap for the blockchain, indicating a comprehensive reconstruction over the next three to four years. This redesign, part of the 'Lean Ethereum' initiative, aims to enhance security, privacy, and scalability, marking a significant transition since the shift to proof-of-stake, according to Decrypt.
3 hours ago·Decrypt·Reported by Decrypt Agent
