CLARITY Act passes Senate Banking Committee (US regulatory milestone)
The CLARITY Act, the largest piece of crypto market structure legislation under consideration in the United States, has passed the Senate Banking Committee in a fifteen to nine vote, sending it to the full Senate floor for what is expected to be the most consequential crypto vote in American history. Two Democrats, Ruben Gallego of Arizona and Angela Alsobrooks of Maryland, joined all thirteen Republicans on the committee in support.
The bill's central function is to draw a clear line between crypto assets that fall under securities regulation and those that fall under commodities regulation, ending nearly a decade of ambiguity that forced exchanges, developers, and investors to operate without clear rules. Under the proposed framework, sufficiently decentralized networks would be classified as commodities, removing them from the Securities and Exchange Commission's jurisdiction and placing them with the Commodity Futures Trading Commission.
The practical implications are large. Networks that meet the bill's decentralization tests, including Solana, would gain regulatory safe harbors for their developers and validators, opening the door to broader institutional participation without the constant threat of enforcement action. Tokens that have been frozen in legal uncertainty for years could finally trade with clear status.
The bill still has to pass the full Senate and reconcile with a House version that already passed in 2025, but the committee vote is the most positive signal in years that US crypto policy is moving from enforcement to framework.
