Clarity Act clears Senate Banking Committee 15-9 with bipartisan backing — crypto legislation inches toward the floor!

The Digital Asset Market Clarity Act cleared the Senate Banking Committee on Thursday with a 15-9 vote, advancing to the Senate floor with meaningful bipartisan support. Two Democrats — Senators Ruben Gallego and Angela Alsobrooks — voted alongside all Republicans on the panel, while several others signaled they could back the bill on the floor with targeted amendments.

The path to a full Senate vote still requires at least seven Democrats to cross over, assuming all 43 Republicans hold. Key sticking points include an ethics provision that would bar senior government officials from profiting off crypto business ties — senators indicated they were close to an agreement but no language has been finalised — and the pending merger of the Senate Banking and Senate Agriculture Committee drafts, which Digital Chamber head Cody Carbone called a likely three-week sprint of intense…