Clarity Act Clears Senate Panel on 15-9, Heads to Floor Vote

The Clarity Act, which would set a federal rulebook for cryptocurrency oversight, is headed for a full Senate vote after passing the Banking Committee 15-9. Coinbase CEO Brian Armstrong announced the procedural win. The bill already cleared the House.

The legislation splits jurisdiction between the SEC and the CFTC over digital assets. Getting through the full Senate requires 60 votes, a bar that has tripped up prior crypto bills. If it passes, the House and Senate must reconcile their versions before the bill lands on President Donald Trump's desk.

Armstrong called the committee vote a milestone. The path from here is still narrow. Majority Leader Chuck Schumer controls floor time, and bipartisan support will have to hold through amendments.

The CFTC has one commissioner and all of crypto