Morning Minute: The Clarity Act Markup Comes May 14

Tyler Warner

Mon, May 11, 2026 astatine 7:42 AM CDT 8 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our caller regular quality amusement covering each of the apical stories successful 5 minutes oregon less, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors are greenish contempt Trump rejecting latest Iran deal; BTC astatine $81k

• VVV posts monolithic +90% week starring each movers, present astatine $17.60

• Circle raises $222M astatine $3B valuation successful Arc presale

• Strategy CEO clarifies the 2 situations wherever they volition merchantability BTC

• Clarity Act goes to markup connected May 14, likelihood scope 79% earlier falling

🗓️ The Clarity Act Will Markup On May 14

The Senate Banking Committee officially announced its markup proceeding day for the Digital Asset Market Clarity Act connected Thursday May 14. That marks the astir factual day this arguable measure has notched to date. The White House has been publically targeting July 4 for afloat passage, and this authoritative measurement puts that people 1 measurement closer.

The stablecoin output question, the cardinal obstacle that has stalled the measure for months, is resolved. Senators Tillis and Alsobrooks locked successful compromise connection 2 weeks agone that bans passive output connected stablecoin balances but permits activity-based rewards tied to existent level participation. Both sides are unhappy with it, which is typically the awesome a woody is real.

Polymarket bettors pushed the likelihood of transition up to 79%, adjacent to arsenic precocious arsenic the likelihood person ever been, earlier falling sharply this greeting to 63%.

The adjacent 5 weeks find everything. Congress breaks for Memorial Day recess May 21, leaving astir 1 week of Senate level clip aft the markup to walk this earlier summer. Four weeks successful June get the occupation done if the Senate moves arsenic rapidly arsenic the White House wants. Any gaffe past mid-June pushes the measure into an August recess model that fewer judge volition nutrient action, and November midterms aft that alteration the legislative mathematics entirely.

💰 BlackRock Leans Deeper Into Tokenization with $7B Treasury Push

BlackRock filed 2 abstracted SEC applications Friday that unneurotic correspond its astir assertive propulsion into tokenized concern since launching its BUIDL money successful 2024.

The archetypal filing proposes the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a caller money that invests successful cash, short-term US Treasury securities, and overnight repo agreements backed by Treasuries, designed specifically arsenic an eligible reserve plus for stablecoin issuers nether the GENIUS Act. The money issues “OnChain Shares” done a permissioned strategy connected to aggregate nationalist blockchains. The explicit people assemblage is Tether, Circle, and the 20+ banks presently waiting to contented stablecoins nether GENIUS Act rules, institutions which are parking $320 cardinal successful stablecoin reserves that presently gain output done back-channel Treasury holdings. BlackRock is gathering the regulated, onchain yield-generating alternate to that arrangement.