U.S. Senator Bill Hagerty (빌 해거티), a member of the Senate Banking Committee, reaffirmed plans to put the digital asset market structure bill known as CLARITY up for committee review next week.

Cointelegraph, a blockchain outlet, reported on Sunday that Hagerty plans to fully resume months-delayed talks at the Senate Banking Committee starting next week.

Speaking at the "Digital Assets and Emerging Technology Policy Summit" at Vanderbilt University, Hagerty said Republican lawmakers plan to move the bill into the Senate Banking Committee process in line with the work schedule resuming next week. He said the bill was close to reaching the committee stage and could be brought up for committee discussion within the next few weeks. He added that further tasks remain before legislative progress at the congressional level.

The bill includes measures aimed at overhauling the U.S. cryptocurrency regulatory framework overall. It was called the "CLARITY Act" when it passed the House in July last year. The bill's main direction is to shift a significant portion of market oversight authority from the Securities and Exchange Commission to the Commodity Futures Trading Commission.

In the Senate, procedures have been entangled and progress has been slow. Because both the SEC and the CFTC are involved, it must pass through both the Senate Agriculture Committee, which handles "commodities," and the Banking Committee, which handles "securities." The Agriculture Committee advanced its own version of the bill in a January markup, but the Banking Committee stage has been delayed amid overlapping controversies over tokenised stocks, ethics issues and stablecoin revenue. The bill can move to a Senate floor vote only after the Banking Committee holds a markup.

Hagerty also mentioned the possibility of passage before the 2026 midterm elections. He said that if committee procedures are completed within April, the bill could be wrapped up before the midterm elections.

The industry is also discussing the possibility of a compromise. Paul Grewal, Coinbase's chief legal officer, said last week that lawmakers had said they were "closer to an agreement" on issues including stablecoin revenue.

Meanwhile, the Coinbase-backed advocacy group Stand With Crypto believes the way the bill is brought to a vote could affect lawmakers' electoral prospects in the 2026 midterm elections. The pro-cryptocurrency political action committee Fairshake disclosed in January that it held $193 million in funds ahead of the November 2026 midterms, while Fellowship PAC said it had raised more than $100 million from backers aligned with the cryptocurrency industry and appointed Tether executive Jesse Spiro as chair.