The Senate Banking Committee will hold a hearing on key market architecture on May 14

On May 9, the U.S. Senate Banking Committee announced that it would hold a markup hearing on the Clarity Act on Thursday, May 14. The market structure bill has been in a state of stagnation since January, mainly due to issues such as stablecoin earnings. With Senators Tom Tillis and Angela Alsobrooks brokering a compromise, lawmakers appear ready to move forward with the bill, although banking groups remain concerned about the provisions. This review is an important step towards the bill becoming law, but other obstacles still need to be overcome.