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The post U.S. Senator Bernie Moreno said Clarity Act To be signed before July 4 appeared first on Coinpedia Fintech News
A major breakthrough for crypto regulation in the U.S. may be just weeks away. Senator Bernie Moreno has signaled that the long-awaited Digital Asset Market Clarity Act could be signed into law before July 4.
With growing political support, industry backing, and rising market confidence, the bill is now closer than ever to becoming a reality.
Clarity Act Moves Closer to Final Approval
Speaking at the Solana Accelerate event, Senator Bernie Moreno said the Digital Asset Market Clarity Act is now nearing its final stages.
Moreno confirmed strong progress on the bill, stating,
“we passed the GENIUS Act, next week we’re going to mark up the CLARITY Act in the Senate, which is a big deal.”
He said that the key part of the bill involving disagreements over stablecoin yields is now resolved following the recent compromise led by Senators Tillis and Alsobrooks that has helped move things forward.
The proposal has gained support from major industry leaders, including Brian Armstrong, though traditional banks remain divided on the details.
July 4 CLARITY Act Could Become Law
During the event, he added that lawmakers are working to finalize the bill quickly, aiming to send it to Donald Trump’s desk.
He stated that the bill will reach, “the President’s desk before the end of June” and be “signed into law before July 4.”
However, the markup schedule has not yet been announced. Even so, experts anticipate that the Senate markup on the CLARITY Act will begin in May.
Moreno further said there are some process issues. He explained that many committees are involved, so everything needs to be put together in one simple plan. Even so, he believes it will be approved quickly.
Strong Political Support Builds Momentum
Financial investor Paul Barron struck a more optimistic tone. He suggested that even if banks make a last-minute effort to slow the CLARITY Act, the markup is still expected to take place on May 11.
Regardless of whether the banks are making one last-ditch effort to stifle the Clarity Act, the Markup happens on the 11th of May – get ready.
https://t.co/7JuJL9tKfA
Meanwhile, pro-crypto lawmakers, including Cynthia Lummis, have promoted the legislation as key to keeping innovation within the United States.
Moreno also credited Donald Trump for speeding up progress in crypto regulation, pointing to a broader shift toward a more supportive policy environment.
Following this positive momentum, Polymarket shows growing confidence, with market pricing in a 67% chance that the bill will be signed into law this year.
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