The Clarity Act has advanced to a full Senate vote, aiming to establish the first federal regulatory framework for digital assets in the U.S. The bill designates the Commodity Futures Trading Commission as the primary regulator for most crypto tokens, while the Securities and Exchange Commission retains oversight of tokens meeting security criteria. Industry leaders from Coinbase and Ripple have voiced strong support, citing the need for clear rules after past scandals. Some Senate Democrats remain opposed, with debates ongoing over ethics provisions. A final vote could occur before the August recess.
The Clarity Act is now heading to the full Senate for a final vote on U.S. crypto regulation. The 616-page bill proposes that the Commodity Futures Trading Commission oversee most crypto tokens, while the Securities and Exchange Commission continues regulating assets that qualify as securities.
The legislation includes provisions to prevent money laundering, protect investors, and establish bankruptcy procedures for digital asset firms. It was passed by the House in July 2025 and cleared the Senate Banking Committee in May 2026.
Brian Armstrong, CEO of Coinbase, described the bill as the culmination of thousands of hours of bipartisan effort. He stated, “The Clarity Act is ready for a full Senate floor vote. … The status quo in the U.S. isn’t working.”
Stuart Alderoty, Chief Legal Officer at Ripple, praised the act as crucial for protecting consumers and strengthening enforcement against fraudsters. Brad Garlinghouse, Ripple’s CEO, added that while no bill is flawless, clear crypto rules are important for the industry.
Despite growing support, some Senate Democrats oppose the Clarity Act. Critics argue it lacks adequate ethics provisions, particularly regarding state attorneys general enforcement. Supporters counter that state AGs do not enforce existing federal ethics rules and that such a requirement would pose constitutional issues.
Supporters hope the Senate vote occurs before Congress adjourns for the August recess. If passed, the U.S. would gain its first federal regulatory mechanism for the crypto industry.
