The Senate Banking Committee's consideration of the "CLARITY Act" has begun, with a vote on amendments being conducted through debate and roll call vote.

BlockBeats News, May 14th, The "Cryptocurrency Market Structure Act" (known as the CLARITY Act) is currently in the voting stage in the U.S. Senate Banking Committee today, where it has begun voting on amendments one by one. If approved, the CLARITY Act will advance to a full Senate vote.

The CLARITY Act still has several steps to go through before becoming law. If the Senate version is identical to the version already passed by the House of Representatives, the bill will be sent directly to the President for signature (or automatically become law). More commonly, if there are differences between the two chambers' versions, it will enter a reconciliation phase. This can be done through "ping-pong amendments" or by establishing a conference committee of members from both chambers to negotiate a final unified text, which will then be voted on by each chamber. Once both chambers pass completely identical text, the bill is formally sent to the President. The entire process could still take weeks to months.