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May 11, 2026

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The post Clarity Act News Today: Thursday Markup Set but Democrat Votes Could Determine the Bill’s Fate appeared first on Coinpedia Fintech News

The Senate Banking Committee has officially scheduled the CLARITY Act markup for Thursday May 14 at 10:30 AM EST. Senate Banking Chairman Tim Scott announced the date on Friday evening. According to a committee memo, the final legislative text is expected to be released Monday with senators required to submit amendments before close of business Tuesday.

The vote comes nearly four months after the first Senate Banking markup was scrapped in January over last-minute objections from industry leaders including Coinbase CEO Brian Armstrong, who argued the bill deferred too much to banks and could effectively eliminate stablecoin rewards programs for consumers. 

The Banking Lobby’s Last Stand

Not everyone is satisfied. Banking trade groups sent a letter to Senate Banking leadership on Friday arguing the current stablecoin yield compromise still leaves room for rewards programs that could replicate interest. The groups want further revisions to prevent stablecoins from functioning like interest-bearing bank accounts.

Over the weekend, American Bankers Association president Rob Nichols sent a direct email to member bank CEOs urging immediate action. He encouraged them to call Senate offices, mobilise employees, and submit letters through an online advocacy portal ahead of Thursday’s vote.

A Senate aide who reviewed the letter described the effort to Crypto In America as “pretty milquetoast,” noting lawmakers on both sides have largely moved on to resolving ethics provisions rather than revisiting the yield debate.

The Democrat Question

The bigger unknown heading into Thursday is whether any Democrats on the committee will vote yes.

Senators Adam Schiff and Ruben Gallego have been leading the charge on ethics provisions targeting conflicts of interest related to President Trump and his family’s crypto dealings. Schiff is described as particularly firm on the issue. Gallego has been a broader advocate for advancing the bill but his final vote remains unclear.

Senator Mark Warner, another key DeFi negotiator, will also be one to watch closely on Thursday.

Why It Matters

The bill can advance out of committee on a purely partisan vote. But that path carries risk. Galaxy Digital’s head of firmwide research Alex Thorn told Crypto In America that a strictly Republican committee vote would likely make it harder to secure the 60 votes needed for full Senate passage.

“While it’s possible the bill could still succeed if it advances through Senate Banking on a partisan basis, the odds of ultimate Senate passage are certainly diminished if no Democrats vote in favour during committee markup on Thursday,” Thorn said.

Others remain less concerned, pointing to the bipartisan momentum that has kept the bill alive through multiple near-collapses.

Everspin Technologies Inc (MRAM) has been in a sharp uptrend since late April, when it posted a massive Q1 earnings beat and announced a $40 million agreement with a US prime contractor.

Yet, the company’s share price ripped higher – as much as 50% – on Monday morning.

For novice investors, the price action may be a head scratcher, given that Everspin didn’t make any new announcement on May 11.

But a look under the hood suggests it’s still fair for MRAM stock to be that much today.

Lagged institutional effect is driving MRAM higher

While retail investors often react instantly, institutional buyers (funds and ETFs) typically wait for analyst updates.

Following the contract news and the significant Q1 earnings beat on April 29, several firms (like Needham) raised their price targets significantly.

Everspin shares are seeing the result of that “big money” accumulation hitting the tape today.

Everspin stock gains on a fresh Navy deal mention

Some market reports this morning specifically highlighted the subcontract’s link to US Navy programs (part of the Department of War’s Microelectronics RDT&E program).

While technically part of the April 30 announcement, the “Navy” specifics gained traction on May 11, sparking a fresh wave of buying interest.

Technical blue skies trigger algorithmic buying

MRAM shares have soared past strong resistance levels coinciding with the key moving averages (MAs) in recent sessions.

This often triggers “algorithmic buying,” where computer programs start to automatically load up on a stock, pushing its price up further in consecutive sessions.

MRAM is gaining in sympathy with Micron and Intel

Everspin stock is ripping higher in tandem with the broader sector rally as well.  

Both Micron and Intel are up by double-digit percentages this morning due to separate AI-related news.

And because MRAM is increasingly viewed as an AI infrastructure play, it is being pulled upward by the rising tide of the entire semiconductor sector.

Where options data suggests MRAM shares are headed

Despite a meteoric run in MRAM stock in recent weeks, options traders continue to believe it will gain further as the year unfolds.

According to Barchart, the put-to-call ratio on contracts expiring mid-September sits at 0.14, signaling a strong bullish skew, with the upper price at nearly $50, indicating potential for another 25% rally from here.

Meanwhile, seasonal trends favour owning Everspin shares as well.

Historically, the company has closed not just May, but June and July as well in “green” – which makes it even more attractive to own in the near-term.

As a trader put it on Stocktwits today: “MRAM, similar sector but much lower market cap – less than $1 billion – as MU and SNDK starting to move. Should perform a similar pattern as MU SNDK and go parabolic given market value and locked up low float.”

The post Q1 beat, $40M contract are old news – why is MRAM stock soaring today then? appeared first on Invezz