A major breakthrough for U.S. crypto regulation appears imminent as Senator Bernie Moreno announced the Digital Asset Market Clarity Act could be signed into law before Independence Day. Speaking at the Solana Accelerate event, Moreno confirmed the Senate will mark up the bill next week, calling it “a big deal.” He said disagreements over stablecoin yields have been resolved after a compromise led by Senators Tillis and Alsobrooks, clearing a key hurdle. The legislation now has backing from industry leaders like Coinbase CEO Brian Armstrong, though traditional banks remain split.
Ripple CEO Brad Garlinghouse echoed the optimism at Consensus in Miami, stating with “absolute conviction” that the bill will be finalized in the coming weeks. He acknowledged the window is narrow — if the act doesn’t pass before midterm campaigns intensify, prospects could “drop precipitously.” Pro-crypto lawmakers including Senator Cynthia Lummis have urged swift action, warning that failure could delay reform until 2030. Polymarket traders reflect the momentum, pricing a 67% probability of the bill becoming law this year.
Moreno said the plan is to get the bill to President Trump’s desk by the end of June and signed before July 4. The markup schedule has not been officially released, but experts anticipate the Senate committee markup will begin in May. The main sticking point — whether crypto firms can offer yield on stablecoins — was settled with language that allows yield only on products that do not resemble bank deposit accounts. With bipartisan support and a more crypto-friendly environment under Trump, the industry is closer than ever to a comprehensive regulatory framework.
