Bipartisan support pushes crypto regulatory bill closer to Senate floor vote after committee approval.
The U.S. Senate Banking Committee advanced the Clarity Act in a 15-9 bipartisan vote, sending the crypto regulatory bill to the full Senate. Two Democratic senators joined Republicans in supporting the measure, signaling cross-party momentum for clearer digital asset rules.
The bill aims to establish regulatory frameworks for cryptocurrency markets, addressing long-standing industry calls for legal clarity. Previous attempts to pass similar legislation stalled amid partisan divisions, but recent market volatility has renewed urgency for congressional action.
No immediate market reaction was reported following the committee vote, though analysts expect heightened focus on the bill’s prospects in the full Senate.