Clarity Act moves forward ➡️

The Senate Banking Committee has voted to advance the crypto market structure bill to a full Senate vote—leaving Democrats split.

Author

Stephen Graves
May 15, 2026

📝 What you need to know

The landmark Clarity Act has moved a step closer to reality after the Senate Banking Committee voted to advance the cryptocurrency legislation to a full Senate vote.

Senate Democrats were divided over the vote, with just Sen. Ruben Gallego (D-AZ) and Angela Alsobrooks (D-MD) voting for the bill. The bill now moves to the Senate floor for final consideration—but it will need to muster at least seven votes from the Democrats in order to pass.

A sticking point remains President Trump’s links to crypto ventures, with Gallego hedging his “yes” vote by indicating he would withdraw it if an ethics deal regarding Trump isn’t reached. Alsobrooks, likewise, pledged to “continue negotiating on ethics specifically.”

Democrats Split on Clarity Act as Crypto Bill Passes Key Senate Committee Vote

The Senate Banking Committee has voted to advance the Clarity Act, a key piece of cryptocurrency legislation, to a full Senate vote.

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📊 Myriad Insight of the Day

HYPE to hit $52 in May?
YES 13%87% NO
  
Why it matters
HYPE jumped above $44 Thursday—up 23 percent on the week—after Coinbase became the official USDC treasury deployer on Hyperliquid. The deal sunsets native USDH and channels USDC reserve yield back to the protocol for HYPE buybacks, on top of 21Shares' Hyperliquid ETF launch earlier this week. Even so, the crowd sees it as priced in: another 16% in 16 days needs a fresh catalyst.
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📚 Watch, Listen & Learn

📹️ WATCH: Clarity Act Passed its First Major Vote, Trump-Xi Summit Ends With Trade Progress, Crypto is Green

🎧 LISTEN: The Decrypt News roundup with TylerD - May 15th

The Clarity Act just cleared its first major vote. Coinbase made a major deal with Hyperliquid And the fallout from the KelpDAO exploit is still spreading.

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