The Clarity Act has been passed by the Senate Banking Committee On May 14, 2026, the Senate Banking, Housing, and Urban Affairs Committee advanced the CLARITY Act with 15 votes in favor and 9 votes against, sending the bill to the entire Senate for review. The supporting votes include all Republican committee members, as well as two Democratic senators Ruben Gallego and Angela Alsobrooks. The Clarity Act still requires 60 votes to be passed by the entire Senate, not only by all Republican members (53 seats), but also by some Democratic members (45 seats). The biggest controversies now are still two, namely stablecoin returns and ethical code clauses. In terms of stablecoins, the current compromise direction is not to turn them into "interest eating products" similar to bank deposits, but to retain certain usage rewards, platform incentives, or non deposit based rewards. But if the current version is maintained, Coinbase is unlikely to oppose it again. The ethical code clause was proposed by the Democratic Party to include provisions restricting senior government officials and their families from profiting from cryptocurrency, but the relevant amendment was not passed at the committee stage.