The Clarity Act has been passed by the Senate Banking Committee

On May 14, 2026, U.S. time, the Senate Committee on Banking, Housing, and Urban Affairs advanced the CLARITY Act with a vote of 15 in favor and 9 against, sending the bill to the full Senate for consideration.

The supporting votes included all Republican committee members, as well as Democratic Senators Ruben Gallego and Angela Alsobrooks. For the Clarity Act to proceed to the full Senate, it still requires the approval of 60 votes, which means it needs the full support of all Republican members (53 seats) as well as some Democratic members (45 seats).

Currently, the two main controversies remain, concerning stablecoin yields and the ethical standards clause.

Regarding stablecoins, the current compromise direction is that stablecoins cannot become "interest-earning products" similar to bank deposits, but certain usage rewards, platform incentives, or non-deposit-style rewards may be retained. However, if the current version remains, it is highly likely that Coinbase will not oppose it again.

The ethical standards clause involves Democrats wanting to add provisions that restrict senior government officials and their families from profiting from cryptocurrency businesses, but the related amendment did not pass at the committee stage.

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