Tim Scott’s May Madness: Will the CLARITY Act Finally See the Light?

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Ah, the grand old Senate Banking Committee, a place where time moves slower than a snail on a Sunday stroll, has finally stirred from its slumber. Tim Scott, the man with the gavel, has declared with a flourish that they’re “nearing consensus” on the CLARITY Act. Yes, you heard that right-nearing consensus, as if they’ve been navigating a labyrinth of red tape and endless tea breaks. And the cherry on top? They’re aiming for a markup in May. Hooray! Only two years late, but who’s counting?

  • Tim Scott, the maestro of the Senate Banking Committee, claims they’re marching toward a bipartisan CLARITY Act markup in May. Bold words, Tim, bold words. Let’s see if the ink dries before the next recess.
  • Coinbase’s Brian Armstrong, ever the optimist, chirped “Mark it up” on the Twitter machine. Meanwhile, Circle is tapping its foot, wondering if the committee needs a calendar.
  • Memorial Day recess looms on May 21, leaving a whopping four weeks to get this show on the road. Tick-tock, gentlemen, tick-tock.

Scott, with a straight face, assures us they’re “nearing consensus.” Oh, the drama! It’s like waiting for a pot to boil, but the stove is powered by congressional efficiency. The CLARITY Act, a bill so delayed it’s practically collecting dust, has missed more deadlines than a forgetful postman. But fear not, for May is the month of miracles-or so they say.

The crypto crowd, never ones to hold back, chimed in with their two satoshis. Brian Armstrong, the Coinbase kingpin, tweeted a succinct “Mark it up,” while Circle politely suggested the committee stop dawdling. Over 120 crypto organizations even penned a joint letter, demanding action with all the urgency of a cat chasing a laser pointer. Meow.

Let’s not forget the CLARITY Act’s odyssey: passed by the House in 2025 (a lifetime ago), cleared the Senate Agriculture Committee in 2026 (another geological era), and now stuck in Banking Committee limbo. It still needs a markup, a 60-vote Senate hurdle, two rounds of reconciliation, and a presidential signature. Easy peasy, right?

As the clock ticks toward Memorial Day, Senators Lummis and Moreno are waving red flags, warning that failure means a date with 2030. Yikes! Meanwhile, Scott is playing mediator, trying to coax Senator John Kennedy out of his holdout corner. Will he succeed? Stay tuned for this legislative thriller, brought to you by the masters of procrastination.

The week of May 11 is the target-mark your calendars, or don’t, because let’s be honest, this could still go off the rails. But for now, let’s raise a teacup to Tim Scott and his bold May promise. Here’s hoping the CLARITY Act doesn’t fade into the fog of congressional indecision. After all, even snails eventually reach their destination.

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2026-05-06 21:42