Particle.news
Download on the App Store
29 ARTICLES
·
3h ago

Senate Panel Advances Digital Asset CLARITY Act in 15–9 Vote

Next comes a merger with the Agriculture panel’s text before a 60‑vote floor test.

Image
Image
Sen. Ruben Gallego, D-Ariz., was one of only two Democrats to vote to advance the bill. (Tom Williams/CQ Roll Call file photo)
Image

Overview

  • The Senate Banking Committee voted 15–9 to advance the Digital Asset Market CLARITY Act, with two Democrats joining all Republicans on Thursday.
  • The draft sets market rules for crypto, splits authority among the SEC, CFTC and Treasury, and blocks deposit‑style interest on stablecoins while allowing narrowly defined activity‑based rewards.
  • The bill now heads to a merger with an Agriculture Committee version before a full Senate vote that will need about 60 yeses, with ethics and anti‑money‑laundering details still open.
  • Bitcoin jumped toward $82,000 and crypto stocks and ETFs saw fresh inflows after the vote, then gains faded as oil rose and Treasury yields climbed.
  • Progressive Democrats led by Senator Elizabeth Warren opposed the measure as industry‑written and raised conflict‑of‑interest concerns tied to President Trump, even as a related House package cleared last year.