Senate’s 309-page CLARITY Act heads to markup amid union and bank opposition, mixed industry reaction

The Senate Banking Committee published a 309‑page draft of the crypto market‑structure bill often referred to as the CLARITY Act, moving the measure closer to a committee markup and potential Senate debate as it proceeds through review and amendment steps ^{[1] [2]}.

Major U.S. labor unions, including the AFL‑CIO, have sent letters urging senators to oppose the bill, warning that provisions could expose retirement accounts and pensions to crypto volatility; banking groups are also lobbying against portions of the stablecoin framework ahead of the committee vote ^{[3] [4]}.

Industry responses are mixed: some crypto commentators say clearer market rules in the draft could be bullish for Bitcoin and enable greater bank participation, while market analysts and commentators are assessing which assets or firms might benefit if the bill becomes law ^{[2] [5]}.

The committee is scheduled to mark up and vote on the bill in the coming days; if approved, the CLARITY Act would move through further Senate consideration, with outcomes and timing hinging on committee amendments and political negotiations ^{[1] [4]}.