The Clarity Act took a step forward: State of Crypto
The Clarity Act has advanced out of the Senate Banking Committee with a bipartisan vote, moving closer to potential passage. Two Democrats supported the bill, indicating a possibility of more Democratic votes on the Senate floor. The crypto industry remains hopeful as negotiations continue to address remaining concerns and amendments.
- ▪The Senate Banking Committee voted 15-9 to advance the Clarity Act to the Senate floor.
- ▪Two Democrats, Senators Ruben Gallego and Angela Alsobrooks, voted in favor of the bill.
- ▪The bill requires at least seven Democratic votes to pass in the Senate, assuming all Republicans support it.
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| Publication time | Sun, 17 May 2026 18:30:00 +0000 |
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailThe Clarity Act took a step forward: State of Crypto Unpacking Thursday's at-times contentious markup hearing.By Nikhilesh De May 17, 2026, 6:30 p.m. 4 min readMake preferred on U.S. Capitol Building (Jesse Hamilton/CoinDesk)Two Democrats voted to advance the Clarity Act out of the Senate Banking Committee alongside all of the panel's Republicans, and several more indicated they might be willing to support the overall bill with some changes. The market structure legislation isn't at the finish line yet, but the crypto industry can probably take a sigh of relief.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.
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