Crypto CLARITY Act Clears Senate Committee, Heads for Floor Vote

The Digital Asset Market Clarity Act (H.R. 3633) advanced through the Senate Banking Committee on May 14, 2026, with a 15-9 bipartisan vote. This marks a pivotal step toward establishing the first comprehensive federal framework for cryptocurrency regulation in the U.S.

Senator Cynthia Lummis, a vocal advocate for crypto legislation, signaled the bill's momentum with a defiant post on X: "We did not come this far to quit at the 5 yard line." The legislation now moves to the Senate floor after clearing the House in July 2025 with 294 votes.

The CLARITY Act aims to resolve jurisdictional ambiguities between the SEC and CFTC while providing clear guidelines for token classification, exchange operations, and consumer protections. Market participants anticipate the bill could unlock institutional capital if passed.