Senate Delay of CLARITY Act Could Sidelining Crypto Regulation Until 2027

Comprehensive crypto regulation will be sidelined for an extended period if the Senate does not pass the Digital Asset Market Clarity Act by May. The bill would establish a federal framework defining regulatory oversight responsibilities between the SEC and the SEC and the CFTC for digital asset markets. The SEC and CFTC have established internal initiatives, such as Project Crypto, to be ready to implement the framework upon enactment. The Senate Banking Committee aims to hold a hold a markup in the second half of April, following two previous postponements of the markup in January and March. The Senate must pass the legislation by May to avoid pushing consideration into the period following the November 2026 midterm elections.