CLARITY Act Advances From Senate Banking Committee in 15-9 Vote

The U.S. Senate Banking Committee advanced the CLARITY Act in a 15-9 vote, marking a pivotal step toward establishing a federal framework for digital asset markets. The bill, which divides regulatory oversight between the SEC and CFTC, garnered bipartisan support, including from Democratic Senators Ruben Gallego and Angela Alsobrooks.

Senator Cynthia Lummis emphasized the legislation's role in retaining crypto activity within the U.S., while Gallego conditioned future support on stronger ethics provisions. The vote follows months of negotiations involving lawmakers, the White House, and industry stakeholders, though earlier disputes over stablecoins and DeFi had delayed progress.

The House passed a similar version last year, and the Senate Agriculture Committee advanced related legislation in January. The CLARITY Act now moves closer to a full Senate vote, signaling growing institutional recognition of crypto's permanence in financial markets.