US Senate Banking Committee Passes CLARITY Act, Advancing Crypto Market Structure Bill
The CLARITY Act (Digital Asset Market Clarity Act of 2025) passed the Senate Banking Committee in a 15-9 vote, moving closer to a full Senate vote. The bill aims to clarify US crypto regulations, defining SEC and CFTC jurisdictions for digital assets. Key changes from the January draft include stablecoin reward restrictions under the Tillis-Alsobrooks compromise, insider trading provisions, bankruptcy protections, and a 360-day implementation timeline. The bill still requires full Senate approval, alignment with House version, and presidential signature. Markets reacted positively, with Bitcoin and Ethereum rising, and regulatory-sensitive tokens like Hyperliquid, XDC, and Canton gaining 8-11%. The Senate vote is expected in June, potentially needing 60 votes.
Key facts
- Senate Banking Committee passed CLARITY Act 15-9, advancing to full Senate.
- Bill clarifies SEC/CFTC jurisdiction and adds stablecoin reward restrictions.
- Includes insider trading provisions and bankruptcy protections for digital assets.
- Implementation set for 360 days after enactment, with delayed sections for rulemaking.
- Markets rallied; Bitcoin and Ethereum rose, with altcoins gaining up to 11%.