The U.S. Senate Banking Committee will hold a key market structure hearing on May 14.

Jinse Finance reported that on May 9, the U.S. Senate Banking Committee announced it will hold a markup hearing on the Clarity Act on May 14 (Thursday). This market structure bill has been stalled since January, mainly due to obstacles such as stablecoin yield issues. With Senators Thom Tillis and Angela Alsobrooks brokering a compromise, legislators now appear ready to move the bill forward, though banking industry groups continue to express concerns about certain provisions. This markup is an important step toward the bill becoming law, but several hurdles remain.