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CLARITY Act Clears Committee
15 to 9. The Senate Banking Committee just advanced the most important crypto bill in American history. The floor vote is next.
🔹 The Historic Vote
The CLARITY Act passed the markup 15-9 with full Republican backing plus Democratic Senators Mark Warner and Angela Alsobrooks crossing the aisle . Senator Elizabeth Warren and eight other Democrats voted against . The session stretched over two hours with more than 16 amendment votes .
Chairman Tim Scott called it proof that "Washington can still work together" . The bill now heads to the Senate floor.
🔹 How It Happened
Senator John Kennedy confirmed his support the day prior, securing a fiduciary duty provision for crypto participants . His commitment locked all 13 Republicans . Over 130 amendments were filed, with 44 coming from Warren alone . Every single Warren amendment failed along a strict 13-11 party line .
Senator Mike Rounds' AI regulatory sandbox amendment passed 15-9 with rare bipartisan backing . Senator Cynthia Lummis secured a DeFi clarification amendment on "nominal decentralization" standards, passing 18-6 . The ethics provisions targeting government officials never reached the markup, falling outside Banking Committee jurisdiction .
🔹 Markets Reacted Instantly
Bitcoin punched above $81,000 as the hearing unfolded . Coinbase surged more than 8% . Polymarket odds of the CLARITY Act becoming law in 2026 jumped from the low 60s to 73% . The market is pricing regulatory clarity as a massive unlock.
🔹 The Warning Signs
Senator Alsobrooks voted yes today but warned she will not support the bill on the floor unless outstanding issues get resolved . Senator Ruben Gallego echoed the same position, yes today, conditional on the floor . Ethics provisions remain unresolved. The Trump family crypto ties debate was deferred, not settled .
🔹 The Path Forward
The Banking Committee version must merge with the Agriculture Committee's Digital Commodity Intermediaries Act . Then comes floor debate, a 60-vote Senate threshold, reconciliation with the House version passed in July 2025, and a presidential signature . The White House targets July 4 . The Memorial Day recess creates at least a one-week dead zone starting May 21 .
Industry analysts project 12 to 18 months for agency rulemaking after enactment, with full compliance infrastructure arriving by late 2027 to 2028 .
Bottom Line
The CLARITY Act cleared its toughest gate. A 15-9 bipartisan vote sends it to the Senate floor. Bitcoin rallied. Coinbase surged. Polymarket odds hit 73%. Senator Warren's amendments all failed. The stablecoin yield compromise held. Ethics provisions and floor-vote commitments from two Democrats remain unresolved. The July 4 signing target is tight but alive.
Friends, does the CLARITY Act reach President Trump's desk by Independence Day, or does the floor vote stall it?
#GateSquareMayTradingShare
15 to 9. The Senate Banking Committee just advanced the most important crypto bill in American history. The floor vote is next.
🔹 The Historic Vote
The CLARITY Act passed the markup 15-9 with full Republican backing plus Democratic Senators Mark Warner and Angela Alsobrooks crossing the aisle . Senator Elizabeth Warren and eight other Democrats voted against . The session stretched over two hours with more than 16 amendment votes .
Chairman Tim Scott called it proof that "Washington can still work together" . The bill now heads to the Senate floor.
🔹 How It Happened
Senator John Kennedy confirmed his support the day prior, securing a fiduciary duty provision for crypto participants . His commitment locked all 13 Republicans . Over 130 amendments were filed, with 44 coming from Warren alone . Every single Warren amendment failed along a strict 13-11 party line .
Senator Mike Rounds' AI regulatory sandbox amendment passed 15-9 with rare bipartisan backing . Senator Cynthia Lummis secured a DeFi clarification amendment on "nominal decentralization" standards, passing 18-6 . The ethics provisions targeting government officials never reached the markup, falling outside Banking Committee jurisdiction .
🔹 Markets Reacted Instantly
Bitcoin punched above $81,000 as the hearing unfolded . Coinbase surged more than 8% . Polymarket odds of the CLARITY Act becoming law in 2026 jumped from the low 60s to 73% . The market is pricing regulatory clarity as a massive unlock.
🔹 The Warning Signs
Senator Alsobrooks voted yes today but warned she will not support the bill on the floor unless outstanding issues get resolved . Senator Ruben Gallego echoed the same position, yes today, conditional on the floor . Ethics provisions remain unresolved. The Trump family crypto ties debate was deferred, not settled .
🔹 The Path Forward
The Banking Committee version must merge with the Agriculture Committee's Digital Commodity Intermediaries Act . Then comes floor debate, a 60-vote Senate threshold, reconciliation with the House version passed in July 2025, and a presidential signature . The White House targets July 4 . The Memorial Day recess creates at least a one-week dead zone starting May 21 .
Industry analysts project 12 to 18 months for agency rulemaking after enactment, with full compliance infrastructure arriving by late 2027 to 2028 .
Bottom Line
The CLARITY Act cleared its toughest gate. A 15-9 bipartisan vote sends it to the Senate floor. Bitcoin rallied. Coinbase surged. Polymarket odds hit 73%. Senator Warren's amendments all failed. The stablecoin yield compromise held. Ethics provisions and floor-vote commitments from two Democrats remain unresolved. The July 4 signing target is tight but alive.
Friends, does the CLARITY Act reach President Trump's desk by Independence Day, or does the floor vote stall it?
#GateSquareMayTradingShare