The Senate Banking Committee voted 15-9 to approve the CLARITY Act, splitting crypto oversight between the CFTC and SEC. Bitcoin briefly crossed $82,000 on the news. Two unsettled issues remain: stablecoins and DeFi rules.
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The Senate Banking Committee approved the Digital Asset Market Clarity Act on May 14, 2026, marking the most direct move yet toward a federal crypto market structure. The vote was 15-9, with all Republicans and two Democrats in favor.
Bitcoin rose about 2.5% on the news, briefly crossing $82,000 before settling near $81,500. Traders read the bipartisan tally as a signal that a legislative framework, long stalled in Congress, now has a credible path to floor votes.
The CLARITY Act draws a clean line between two regulators. The Commodity Futures Trading Commission gets authority over digital assets classified as commodities. The Securities and Exchange Commission keeps oversight of assets deemed securities. That split removes what fund managers have called the biggest structural barrier to institutional allocation, several analysts said.
Two unresolved questions could complicate the bill's progress. Stablecoin regulation has a separate legislative track and has not been folded into the CLARITY framework, leaving a gap that some lawyers said could create confusion for issuers. Decentralized finance rules were debated during markup, and amendments on sanctions compliance for DeFi protocols are expected to resurface on the floor. The House Ways and Means Committee held a hearing on June 9 to discuss digital asset tax bills, including the Tax Clarity for Mining and Staking Act, which would simplify income reporting for miners and validators.
Any amendment that expands DeFi compliance requirements would hit decentralized protocol tokens harder than centralized exchange assets, traders said. Delays on the stablecoin piece could spill uncertainty into the broader market.
The CLARITY Act now heads to the full Senate. No date has been set for a floor vote.
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