The CLARITY Act goes to Senate committee on May 14 and the entire crypto market is watching that room The most consequential week for US crypto regulation in years is arriving. Senate Banking Committee Chairman Tim Scott scheduled an executive session for May 14 at 10:30 AM to consider the CLARITY Act, legislation that would create a regulatory framework for cryptocurrency and clarify financial regulators' jurisdiction over the sector. The industry has been pushing for this for two years and the hearing date is the closest it has come to a real vote. The path to the session wasn't clean. A heated dispute between crypto companies and the banking industry over stablecoin yield had been blocking progress for months. Senators Thom Tillis and Angela Alsobrooks brokered a bipartisan compromise prohibiting customer rewards on idle stablecoin holdings while permitting rewards tied to active use like sending payments. Banking lobby groups launched a last-ditch effort to change that language before the hearing, calling it a loophole that could shift deposits away from regulated banks. The context behind the urgency is real. Nine months after the GENIUS Act established the first federal framework for payment stablecoins, the stablecoin market grew 49% in 2025, reaching $306 billion. Circle, Ripple and other digital asset companies received provisional national banking charters. Institutional capital moved in. Recruiters report 90% of senior crypto leadership searches are now US-based. Clear rules produced exactly what advocates promised. The CLARITY Act is meant to extend that outcome to the broader digital asset market. The bill needs support from at least seven Democrats in the full Senate to pass, and must clear the chamber before the November midterms when Democrats could regain House control. Mike Novogratz put 70% odds on passage. Alex Thorn at Galaxy put 50%. May 14 is when the market finds out which estimate was closer. #BTC Price Analysis# $BTC