The long-awaited CLARITY Act crypto legislation is finally moving forward. On Saturday, Senate leaders confirmed that the Digital Asset Market Clarity Act (CLARITY Act) is officially set for a committee markup later this month, ending weeks of speculation and procedural delays. The announcement comes just days after David Sacks, President Trump's AI and Crypto Czar, made headlines with a bold prediction: the passage of this bill will trigger a full-scale merger between traditional banking and the digital asset industry.
Senate Markup Confirmed: A Turning Point for US Crypto
After a tense week of uncertainty where a scheduled vote was briefly postponed, Senate Banking Committee Chair Tim Scott and Agriculture Chair John Boozman have jointly confirmed the markup will proceed. The US Senate crypto markup is now the most anticipated regulatory event of 2026, promising to resolve the decade-long jurisdictional turf war between the SEC and the CFTC.
The CLARITY Act, which passed the House with bipartisan support in July 2025, establishes clear lines of authority. Under the proposed framework, decentralized assets like Bitcoin will be classified as digital commodities under CFTC oversight, while the SEC retains jurisdiction over centralized investment contracts. This regulatory certainty is widely seen as the missing piece required for mass institutional adoption.
David Sacks: "One Digital Assets Industry"
The momentum for the bill has been bolstered by the vocal support of David Sacks crypto policy chief. Speaking on CNBC regarding the administration's push for the bill, Sacks argued that the current separation between Wall Street and the crypto sector is artificial and temporary. His comments have resonated across financial markets, suggesting a future where your primary bank account seamlessly integrates with blockchain protocols.
"After the market structure bill passes, banks are going to get fully into the crypto industry," Sacks stated. "We're not going to have a separate banking industry and crypto industry—it's going to be one digital assets industry." According to the Czar, major US banks are merely waiting for the CLARITY Act's legal shield to launch proprietary stablecoins, custody services, and even DeFi yield products directly to consumers.
The Stablecoin Yield Controversy
Despite the optimism, the path to digital asset legislation hasn't been without obstacles. The recent delay in the markup schedule was largely attributed to intense lobbying regarding stablecoin yields. Traditional banks have expressed concern over banking crypto integration that allows non-bank stablecoin issuers to offer high-yield products, arguing it creates an uneven playing field.
Banks vs. Builders
Sacks addressed this friction directly, urging traditional financial institutions to compromise. "If there's no deal, then banks are going to lose on this issue," he warned, noting that the status quo favors agile crypto-native firms. The compromise likely to be hammered out in the Senate markup may allow banks to issue yield-bearing stablecoins, effectively merging the utility of crypto with the security of insured banking.
Market Reaction: Bitcoin Eyes $100k
The renewed legislative clarity has ignited fresh optimism in crypto market news 2026. Following the confirmation of the Senate markup, Bitcoin price today stabilized around the $90,000 mark, with analysts predicting a surge toward six figures if the bill clears the Senate floor next month. Institutional investors, who have been cautious during the regulatory limbo of late 2025, appear ready to deploy capital.
For the average investor, the passage of the CLARITY Act could mean the end of complex exchanges and wallet management. If Sacks' vision holds true, the next wave of crypto adoption won't happen on niche platforms, but inside the mobile apps of America's largest banks, fundamentally changing how value moves in the digital age.
