The "CLARITY Act" has been approved by the Senate Banking Committee and will proceed to a vote by the full Senate.

BlockBeats News, May 15th, the U.S. Senate Banking Committee passed the Cryptocurrency Market Structure Act, also known as the CLARITY Act, with 15 votes in favor and 9 against. The bill has been formally submitted to the full Senate for a vote. All 13 Republican committee members voted in favor, with two Democratic members crossing party lines to support it. Democratic chief member Elizabeth Warren and 9 others voted against.

The CLARITY Act aims to establish a regulatory framework for the digital asset market, clarifying the regulatory responsibilities of the SEC and CFTC. The bill was previously approved by the House in July 2025 with a vote of 294 to 134. After the full Senate vote, it will need to be reconciled with the Senate Agriculture Committee version before being sent to the President for signature. The Trump administration had set a goal to complete the legislation by July 4th.

The latest revision of the CLARITY Act, which has been released, is crucial for DeFi as it will provide clearer legal protection and developer safeguards for DeFi developers building protocols in the U.S. Regarding yield issues, the CLARITY Act may, like the GENIUS Act did for stablecoin development, bring new growth to DeFi.

According to PolyBeats monitoring, the probability of the CLARITY Act being signed into law in 2026 has risen to 74% on the prediction market Polymarket.