Bankers are scrambling as Senate schedules CLARITY Act markup for May 14

The Senate Banking Committee plans to mark up the CLARITY Act on May 14, giving the stalled crypto-market-structure bill its clearest path this year toward a committee vote. The hearing would move one of Congress’s most closely watched digital-asset bills from private negotiations into a public amendment process, where lawmakers are expected to test whether a fragile compromise on stablecoin incentives can survive pr…