Senate Banking Committee will hold executive session on May 14 to consider the "Clarity Act" crypto regulatory framework.
Bill would define regulator jurisdiction, classify tokens as securities or commodities, and restrict idle stablecoin reward offers.
Compromise brokered by Senators Thom Tillis and Angela Alsobrooks allows rewards for active use but bans them for idle holdings.
Bill needs support from at least seven Democrats and Senate approval by end‑2026 before reaching President Donald Trump.