CoinEx News: The U.S. CLARITY Act faces a compressed Senate timetable after passing the House in July 2025 and remaining before the Senate Banking Committee without a scheduled markup. Galaxy Research said an early- or mid-May committee vote is the likely next window, while Congress.gov shows H.R. 3633 has cleared the House 294-134 and is still pending in Senate Banking.

A delayed markup beyond mid-May would raise the risk that market-structure legislation misses the 2026 window, keeping SEC-CFTC jurisdiction, token classification and exchange registration rules uncertain for U.S.-linked crypto liquidity.