[DigitalToday reporter Jinju Hong (홍진주)] The U.S. Senate has resumed review of a key bill governing cryptocurrency market structure, speeding up efforts to overhaul the digital-asset regulatory framework. The industry says the talks could be a major turning point that determines the direction of the U.S. crypto market.

On May 9 (local time), blockchain media outlet CoinDesk reported that the Senate Banking Committee will review the CLARITY Act, a bill to clarify digital-asset market structure, on May 14. The bill was delayed once in January, and its resubmission means full-scale legislative discussions are starting again.

The bill discussions resumed after months of talks over regulatory jurisdiction, consumer protection, developer protection and stablecoin reward issues. Recently, crypto companies have backed a compromise on stablecoin interest income, and the legislative negotiations are said to be gaining momentum again.

Industry groups broadly welcomed the restart of the review schedule. The chief executive of the Digital Chamber called the talks an important advance in securing regulatory clarity for more than 70 million crypto users in the United States.

The Blockchain Association also views the review as a key step in establishing rules for the digital-asset market. It stressed that major issues should be discussed intensively, including jurisdictional questions involving the Securities and Exchange Commission and the Commodity Futures Trading Commission, as well as consumer protection and protection of developer rights.

The Solana Policy Institute (SPI) called the review an important moment directly tied to U.S. leadership in financial markets. It said it could be a starting point for building an institutional foundation to expand on-chain development and increase participation by financial institutions.

The political calendar is also an important variable. The Senate Banking Committee expects the review to help realign the pace with the White House target of passing the bill before July 4. Whether the process leads to actual legislation has emerged as a key point to watch.

Views in the financial sector are divided. The banking industry has reacted positively to the review itself but continues to raise concerns about some provisions. Multiple banking groups are said to have sent letters to Senate leadership seeking revisions.

The May 14 review is expected to be a test of whether a U.S. crypto market-structure bill can return to a full legislative track. The industry is raising expectations for regulatory clarity, but resistance from banks and calls for adjustments remain, and intense coordination is expected in subsequent Senate discussions.