CLARITY Act Advances to Senate Floor After Committee Breakthrough, 15-9 Vote

The Digital Asset Market Clarity Act (CLARITY Act) has officially been added to the Senate Legislative Calendar following a breakthrough committee vote, clearing the way for full Senate debate and floor vote. The bill, which secured a commanding bipartisan majority of 294-134 in the House of Representatives, previously faced months of closed-door Senate negotiations. The Senate Banking Committee voted 15-9 in favor of reporting the legislation, led by Chairman Tim Scott. The primary roadblock centered on stablecoin yield structures, with traditional financial groups opposing provisions allowing non-bank cryptocurrency firms to offer interest-like rewards. Senators Thom Tillis and Angela Alsobrooks, working with the White House, forged a compromise by removing traditional banking terminology from token reward programs.

The bill now faces a 60-vote supermajority threshold and competes for limited floor time against national security priorities. Lawmakers warn that if momentum fractures during the summer session, the regulatory window could close for years.