30m ago
Clarity Act clears Senate Banking Committee 15-9 on May 14, 2026 with two Democrats backing
The Senate Banking Committee advanced the Clarity Act on May 14, 2026, approving it 15-9 with Democratic support from Senators Ruben Gallego and Alsobrooks. The bill sets clearer jurisdictional lines between the SEC and CFTC and would restrict stablecoin yield for passive holding while allowing activity-based rewards. Next, it heads to the full Senate, where it must clear a 60-vote cloture hurdle to proceed.