Banking lobby attempts to kill Clarity Act’s stablecoin progress as markup is scheduled for next week

US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support in July 2025. For months, the bill has been bogged down in the Senate over a high…