This week in the CLARITY Act: text release, markup, and the next Senate test

This week turned the CLARITY Act into a more legible public policy story. Senate Banking leaders released updated bill text on May 12, 2026, then marked up the legislation on May 14. Those two steps do not settle the bill's fate, but they make the process concrete enough to track through chronology, claims, and source documents. The immediate questions now are what survived the markup, how stablecoin-yield language evolves, and whether Senate floor timing can keep pace with the political calendar.

Claims

• ▪Senate Banking Committee leaders released updated CLARITY Act text on May 12, 2026.
• ▪The current Senate debate still turns heavily on how the bill handles stablecoin rewards and yield-like products.
• ▪The bill's next meaningful test is whether committee progress can survive a tight Senate calendar and floor politics.
• ▪The Senate Banking Committee marked up the CLARITY Act on May 14, 2026.

4 sources