Senate Panel Confronts Intense Scrutiny as Landmark Cryptocurrency Bill Nears Pivotal Committee Review

Senate Banking Committee members face scorecard pressure as Stand With Crypto plans to score recorded CLARITY Act markup votes. The group says it represents more than 2.9 million U.S. advocates.

Key Takeaways:

Senators face recorded-vote scrutiny tied to the CLARITY Act markup.

Stand With Crypto says it represents more than 2.9 million U.S. advocates.

Committee action could advance digital asset market structure legislation.

Senate Banking Markup Puts CLARITY Act Scorecard in Focus

Senate Banking Committee members face new scorecard pressure ahead of the May 14 CLARITY Act markup. Digital asset advocacy group Stand With Crypto (SWC) said on May 11 that it will score recorded votes tied to the bill. The group said it represents more than 2.9 million U.S. advocates as senators consider whether to advance market structure legislation from committee.

The committee’s executive session is scheduled for May 14. Members are expected to consider H.R.3633, the Digital Asset Market Clarity Act of 2025. The measure would create a regulatory system for digital commodities involving the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). It also includes provisions tied to central bank digital currency restrictions. Stand With Crypto stated:

“On behalf of more than 2.9 million U.S. advocates, Stand With Crypto is notifying senators that it will score the Senate Banking Committee’s May 14th markup vote on the CLARITY Act.”

Earlier advocacy work helped build pressure before the markup. On April 28, Stand With Crypto called for Senate Banking action on the bill. The group later delivered a petition to Washington after more than 28,000 Americans signed it that week. Its campaign framed the markup as the next procedural step for digital asset rules.

Polling and Banking Fight Add Pressure Before Markup

Public opinion data added another political layer before the committee session. Harrisx polling released on May 7 showed 52% support for the CLARITY Act after voters reviewed a summary. The survey also found 70% said the U.S. should already have clear crypto legislation, while 60% preferred federal legislation over case-by-case enforcement.

Stablecoin policy disputes also entered the debate. Senator Bernie Moreno criticized bank opposition before the session and cited the American Bankers Association (ABA)’s outreach to bank CEOs. His comments connected the CLARITY Act discussion with broader arguments over competition, yield access, and control across digital asset policy. Stand With Crypto added:

“SWC strongly urges senators to vote ‘Yes’ to advance the bill out of committee. Please note that lawmaker scores will be updated based on these recorded votes.”

Stand With Crypto said its advocates have contacted lawmakers nearly 1.5 million times over several years. Its latest message linked the campaign to economic security and daily life for constituents. The May 14 committee vote now gives senators a recorded test on digital asset market structure.