U.S. Senate Banking Committee Passes CLARITY Act 15-9, Targets August Signing

According to Galaxy research lead Alex Thorn, the U.S. Senate Banking Committee passed the CLARITY Act with a 15-9 vote on May 18, advancing it to a full Senate floor debate. The proposed timeline includes June 1 coordination between banking and agriculture committees, June 15 floor debate start, June 22 potential final Senate vote, July 13 House-Senate reconciliation completion, and early August presidential signature, if on schedule. Thorn noted that Democrats are prioritizing “ethics provisions” to restrict digital asset holdings and profits among senior officials and their families.