The US Clarity Act is advancing, marking a key step toward formal regulation of digital asset markets. After months of delays, the bill’s movement is expected to provide clearer rules for crypto firms and institutional investors.
The update was discussed on Blockchain Bulletin, hosted by Callum Williams. Williams reported that a legislative markup is now expected before Memorial Day on May 25, a timeline first shared by Cynthia Lummis at Bitcoin 2026 in Las Vegas.
“After missing its original April deadline the US Clarity Act is heading for a markup in May,” Williams said.
Elsewhere, institutional activity is increasing. Western Union is preparing to launch its USDP stablecoin on Solana, targeting cross-border payments. Visa has also added Polygon to its settlement network.
Retail performance remains weaker. Robinhood reported crypto revenue down nearly 50% to $134m, with trading volumes falling 48%. However, its prediction markets product grew 320%.
Regulation is tightening globally. Canada has proposed banning crypto ATMs, aligning with restrictions in the United Kingdom and Singapore.
