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.
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