CLARITY Act Advances Despite Democratic Concerns

Published by

Nidhi Kolhapur

May 15, 2026

A golden Bitcoin symbol in front of the US Capitol building, a document labeled "CLARITY ACT," and a rising green line graph reaching "$81K."

The Senate Banking Committee voted 15-9 to advance the CLARITY Act on Thursday, moving the crypto legislation closer to a full Senate vote. Democratic Senators Ruben Gallego and Angela Alsobrooks supported the bill during markup but warned unresolved ethics and financial crime provisions remain major concerns. Their backing signals bipartisan momentum for clearer digital asset regulations in Washington. However, lawmakers indicated future support could weaken if stronger safeguards against conflicts of interest and illicit financial activity are not added before final approval.

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