The US Senate Banking Committee released the full 309-page draft of the Clarity Act on Tuesday, May 12, 2026, giving the public and lawmakers their first comprehensive look at the cryptocurrency market structure bill the committee has been developing since January. Committee members have until close of business Wednesday, May 13, to file amendments.
One day to amend
The amendment window is tight — just over 24 hours for a document that spans more than 300 pages. Staffers and senators will be combing through the text Tuesday evening and Wednesday morning before the 5:00 PM deadline. The draft is now publicly available on the committee's website, though no official summary has been released alongside it.
Months in the making
The Clarity Act has been under development since the start of 2026, with the Banking Committee holding closed-door meetings and stakeholder discussions. Tuesday's release marks the first time the full legislative text has been made public. The bill aims to establish a federal framework for digital asset market structure, an area that has seen fragmented state-level regulation and competing federal proposals.
After the amendment filing deadline passes Wednesday, the committee will need to review the proposed changes before scheduling a markup session. No date has been set for when the committee will vote on advancing the bill. The next concrete step is the amendment deadline itself — after that, the process moves into the committee's internal review.
