The main US crypto bill has received approval from the Senate Banking Committee.
The Senate Banking Committee has approved the CLARITY Act by a vote of 15 to 9. This is the first significant advancement of a framework bill for regulating the crypto market at the federal level.
Hot topic: What Is the Clarity Act and Why It Changing Crypto in 2026
Bipartisan Support With Caveats
Two Democrats voted for the bill—Ruben Gallego and Angela Alsobrooks. However, Gallego immediately stated that if the final version does not include ethics provisions to prevent conflicts of interest, he will vote against it on the Senate floor.
Senator Elizabeth Warren sharply criticized the initiative:
“We are spending time working on a bill written by the crypto industry for the crypto industry. Nothing has been included in this bill that has not been approved by participants in this space.”
Warren also noted the absence of amendments to ban officials from profiting from crypto businesses.
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What’s Next for the US Crypto Market?
The versions of the bill from the Banking and Agriculture Committees must now be combined and brought to a full Senate vote. Passage will require 60 votes. Republicans hold 53 seats, so at least seven Democrats are needed.
Analysts at TD Cowen and GSR Chief Legal Officer Joshua Riezman note that committee approval does not guarantee success on the floor. Many estimate the probability of the CLARITY Act passing in the current session of Congress at below 50%.
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