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The CLARITY Act has been passed by the Senate Banking Committee and is now heading to a full Senate vote.
Golden Finance reports that on May 15, the Senate Banking Committee approved the “Cryptocurrency Market Structure Act” (also known as the CLARITY Act) with 15 votes in favor and 9 votes against. The bill was officially submitted to the full Senate for a vote. All 13 Republican members voted in favor, and two Democratic members crossed party lines to support it. Democratic lead member Elizabeth Warren and 8 others voted against.
The CLARITY Act will establish a regulatory framework for the digital asset market, clarifying the division of regulatory responsibilities between the SEC and CFTC. The bill had previously passed the House with a vote of 294 to 134 in July 2025. After the full Senate vote, it still needs to be merged with the version from the Senate Agriculture Committee before being sent to the President for signing. The Trump administration had previously set a goal to complete legislation by July 4.
The latest revised version of the CLARITY Act is crucial for DeFi, as it will provide clearer legal protections and developer safeguards for DeFi developers developing protocols in the United States. Regarding revenue issues, the CLARITY Act may bring new growth to DeFi, similar to how the GENIUS Act promoted the development of stablecoins.
According to PolyBeats monitoring, on the prediction market Polymarket, the probability of the CLARITY Act being signed into law in 2026 has risen to 74%.