U.S. Senator Bernie Moreno said at the Solana Accelerate event that the Digital Asset Market CLARITY Act could be signed into law before July 4, putting a long-discussed crypto market structure bill closer to passage.
Moreno said lawmakers had already passed the GENIUS Act and that the Senate would move next to mark up the CLARITY Act. He described that step as significant. He also said the goal is to move the bill quickly enough to reach President Donald Trump’s desk before the end of June.
Senate process is advancing, though timing is still not official
According to Moreno, one of the central sticking points tied to disagreements over stablecoin yields has now been resolved after a recent compromise led by Senators Tillis and Alsobrooks. That has helped push the proposal forward.
No formal markup schedule has been announced yet. Even so, the report said many observers expect Senate markup on the CLARITY Act to begin in May. Moreno also acknowledged there are procedural complications because multiple committees are involved, meaning the work still needs to be consolidated into a simpler legislative path, but he said he expects approval to come quickly.
Industry backing is growing while banks remain split
The bill has picked up support from crypto industry figures, including Coinbase CEO Brian Armstrong. Traditional banks, by contrast, are still divided over the details, with disagreement centered on specific provisions rather than the broader legislative push.
Investor Paul Barron offered a more optimistic view. He said that even if banks make a last-minute effort to slow the CLARITY Act, the markup is still expected on May 11. Pro-crypto lawmakers such as Cynthia Lummis have also promoted the bill as a way to keep digital asset innovation in the United States.
Prediction markets imply higher odds of passage this year
As political support builds, prediction market pricing has moved with it. Polymarket shows about a 67% chance that the bill will be signed into law this year, while the story highlights section lists the figure at 68%.
Moreno also credited Donald Trump with helping accelerate movement on crypto regulation, arguing that the policy climate in the U.S. has become more supportive of the sector. Attention is now on the Senate’s actual scheduling decisions and on whether the bill can move on the timetable Moreno described.