Senate CLARITY Act Vote Puts Crypto Rules and Bank Pressure in Focus
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The US Senate Banking Committee will vote on the CLARITY Act (H.R.3633) on May 14 at 10:30 am ET; the bill would split crypto oversight between the SEC (securities) and CFTC (digital commodities) and set stablecoin rules including limits on passive interest products. The measure could reshape regulation, bank relationships and DeFi/CEX product offerings, and advocacy group Stand With Crypto will score senators’ votes, raising political pressure ahead of a potential Senate floor advance.
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- The US Senate Banking Committee will vote on the CLARITY Act on May 14.
- The bill will divide crypto oversight between the SEC and CFTC and set stablecoin rules.
- Stand With Crypto said it will score senators’ recorded votes amid increasing pressure.
The US Senate Banking Committee will vote on the CLARITY Act on May 14 at 10:30 am ET, pushing one of the biggest crypto market structure bills seen in Washington into a critical stage.
The committee markup will decide whether the legislation advances to the Senate floor. The bill, formally listed as H.R.3633, would split crypto oversight between the SEC and CFTC.
Tokens viewed as securities would remain under SEC control, while digital commodities would fall under the CFTC. The proposal also sets rules for stablecoins and limits passive interest products tied to them.
Digital asset advocacy group Stand With Cryp…
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