Illustration of the Senate Banking Committee advancing the crypto clarity act with a 15-9 vote.
Illustration of the Senate Banking Committee advancing the crypto clarity act with a 15-9 vote.
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Senate banking committee advances crypto clarity act

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The US Senate Banking Committee voted 15 to 9 on May 14 to advance the Digital Asset Market Clarity Act. The bill now heads to the full Senate floor for further consideration.

The committee approved the legislation on bipartisan lines after months of negotiations. The bill divides regulatory authority by giving the Commodity Futures Trading Commission oversight of crypto spot markets and leaving the Securities and Exchange Commission in charge of digital asset securities and primary offerings.

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Initial reactions on X highlight bipartisan progress on the Clarity Act with a 15-9 Senate Banking Committee vote, seen as a positive step toward regulatory clarity for crypto markets though not yet law. Users note potential for institutional adoption and CFTC oversight but express caution on remaining hurdles like full Senate approval and amendments. Sentiments range from bullish optimism on market tailwinds to neutral analysis and mild skepticism about long-term outcomes.

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Senate banking committee members in a formal hearing room debating cryptocurrency legislation.
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Senate banking committee to mark up clarity act next week

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Lawmakers are accelerating efforts to advance the Digital Asset Market Clarity Act through the Senate, with a key committee markup scheduled for the week of May 11. White House and congressional officials are pushing for passage by July 4 amid ongoing negotiations over stablecoin rules and ethics provisions.

The Senate Banking Committee released updated text for the CLARITY Act on May 12 ahead of a scheduled May 14 markup. The draft sets rules for digital assets, stablecoins, and decentralized finance while leaving ethics provisions unresolved.

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The Senate Banking Committee will hold a markup hearing on the Digital Asset Market Clarity Act of 2025 on Thursday, May 14, at 10:30 a.m. The session comes after months of delays over stablecoin provisions and other issues.

Ripple Labs CEO Brad Garlinghouse stated that the U.S. Senate's crypto market structure bill, known as the Clarity Act, remains uncertain despite a recent stablecoin compromise. Speaking at Consensus 2026 in Miami Beach, he emphasized that a Senate Banking Committee hearing this month is crucial for its advancement. Without it in the next two weeks, the bill's chances could drop sharply.

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