CoinDesk
The Senate Banking Committee advanced the Clarity Act in a 15-9 bipartisan vote on Thursday, sending the long-stalled digital-asset market structure bill to the full Senate and triggering a broad crypto rally that pushed Bitcoin to $82,000 before a modest pullback to $81,500. Two Democratic senators joined Republicans in moving the bill forward, a margin thin enough to show the path ahead is narrow but wide enough to confirm the bill has real legislative momentum.
The committee vote is the first procedural milestone for the Clarity Act this session, and the timing matters: with broader U.S. indexes pushing to fresh record highs, the move landed into a risk-on tape that amplified the bid rather than fighting it.
Why it matters
The Clarity Act is the federal framework the industry has been waiting on to define which agency oversees which digital asset — splitting jurisdiction between the SEC and CFTC, codifying disclosure rules for token issuers, and setting guardrails around stablecoin reserves and trading. Its critics argue the amendments under consideration could re-cut key parts of the original draft, and the bipartisan margin is narrow enough that any single floor amendment can stall it. The structural read: this is a bill that can pass, not a bill that has passed.
Market impact
Crypto-linked equities led the tape. Coinbase (COIN) surged 8% as traders bet clearer rules would accelerate institutional on-ramps; Strategy (MSTR) climbed 7% and Bitmine (BMNR) added 5.6%. Circle (CRCL) and Bullish (BLSH) trimmed early losses into the close. Former bitcoin miners now repositioned as AI infrastructure names also caught the bid — Keel Infrastructure (KEEL) jumped 9%, IREN gained 5%, and Hive Digital (HIVE) added 8% — reflecting the same risk-on flow that lifted Cerebras (CBRS) to as much as 100% above its IPO price in its trading debut. Bitcoin at $81,500 is up 2.5% on the session.
Frequently asked questions
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What did the Senate Banking Committee vote on Thursday?
The committee advanced the Clarity Act in a 15-9 bipartisan vote, sending the federal digital-asset market structure bill to the full Senate. Two Democratic senators joined Republicans to move it forward.
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How did Bitcoin react to the Clarity Act committee vote?
Bitcoin rose to $82,000 on the headline before pulling back to $81,500, still up 2.5% over 24 hours. Traders read the procedural win as a real step toward federal digital-asset rules.
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Which crypto-linked stocks rallied on the news?
Coinbase (COIN) surged 8%, Strategy (MSTR) climbed 7%, and Bitmine (BMNR) added 5.6%. Circle (CRCL) and Bullish (BLSH) pared early losses into the close.
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Does the committee vote mean the Clarity Act will become law?
Not yet. The bill now heads to the full Senate, where the bipartisan margin is narrow and pending amendments could re-cut key provisions. Analysts describe it as a bill that can pass, not one that has passed.
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Why did former bitcoin miners rally alongside the crypto stocks?
Keel Infrastructure (KEEL, ex-Bitfarms) jumped 9%, IREN gained 5%, and Hive Digital (HIVE) added 8%, riding the same risk-on flow that lifted AI-infrastructure plays and pushed the Nasdaq 100 and S&P 500 to fresh records the same session.
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