Clarity Act eyes Senate floor by June — SEC/CFTC split could unlock institutional crypto at last.

Senate Banking Committee Chairman Tim Scott is targeting a presidential signature on the Digital Asset Market Clarity Act by summer 2026, with a committee markup locked in for May and a potential Senate floor vote in June or July. The bill cleared the House in July 2025 with a 294-134 bipartisan majority, but Senate delays over stablecoin yield rules, DeFi provisions, and ethics language have burned nearly a year of momentum.

The core unlock the bill delivers is a hard jurisdictional line between the SEC and CFTC — digital commodities fall under CFTC authority. That single division removes the regulatory ambiguity that has prevented banks and corporate treasuries from sizing positions in US-domiciled crypto products with confidence. On stablecoins, the bill mandates 1:1 backing with high-quality liquid assets and sets a federal floor that state-regulated issuers must meet. Senator…