Senate Banking Sets April Push for CLARITY Act With Late-April Vote Goal

Overview

• Sen. Bill Hagerty said the CLARITY Act will enter the Banking Committee in April with a goal to clear the panel by late April.
• Negotiators say stablecoin rules are almost settled, with draft language blocking interest on idle balances but allowing returns tied to specific user activity.
• The bill would set who regulates which tokens by drawing a line between SEC securities and CFTC commodities.
• Drafts also propose licenses for exchanges and custodians and simple disclosure standards for token issuers.
• The FDIC says its upcoming package includes stablecoin issuance rules, anti-money-laundering standards for crypto firms, and a ban on denying banking over so‑called reputational risk, while Senate leaders push for a floor vote before May as crypto PACs report $193 million ahead of the 2026 midterms.