Senate Banking Committee Passes CLARITY Act 15-9
The bill advanced to the Senate floor after a 15-9 committee vote with two Democratic yes votes.
The Senate Banking Committee advanced the Digital Asset Market Clarity Act (CLARITY Act) on a 15-9 vote, sending the bill to the full Senate floor. Two Democrats — Mark Warner and Angela Alsobrooks — joined the Republican majority.
The markup followed a draft preview earlier in the week and considered more than 130 amendments. Senator John Kennedy's yes vote was confirmed on the record. The committee passed the bill 15-9 after roughly four hours of debate.
The CLARITY Act establishes a federal framework for digital assets by dividing jurisdiction between the SEC and the CFTC. Digital commodities sit with the CFTC; digital securities remain with the SEC. The bill also codifies disclosure and custody rules and includes non-custodial protocol language for open-source software publishers and node operators.
The bill heads to the Senate floor, where it needs 60 votes to pass under standard rules. A floor vote timeline has not been confirmed.
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created