Clarity Act clears committee — Lummis eyes Senate floor vote

Senator Cynthia Lummis announced that the Clarity Act has passed committee, moving the landmark crypto market-structure legislation one step closer to a full Senate floor vote. "We did not come this far to quit at the 5 yard line," Lummis said, signalling her intent to push the bill through its final legislative hurdles.

Why it matters

The Clarity Act is one of the most consequential pieces of crypto legislation in the US pipeline, designed to draw a clearer jurisdictional line between the SEC and the CFTC over digital assets. A committee passage is a meaningful threshold — bills that clear committee have a structurally higher probability of reaching a floor vote than those that stall in markup. For an industry that has operated under regulatory ambiguity for years, a defined framework would reshape how exchanges, token issuers, and institutional custodians operate in the US market.

Market impact

Legislative progress of this magnitude tends to be read as a medium-term bullish signal for the broader crypto sector, particularly for assets that stand to benefit from regulatory clarity — BTC and ETH chief among them. The floor vote timeline is the next catalyst to watch: if Senate leadership schedules debate in the near term, expect renewed institutional attention and potential inflow activity into US-regulated crypto products.