Senate Banking Committee advances CLARITY Act with 15–9 markup vote on 14 May

The Senate Banking Committee moved the CLARITY Act forward during a markup session on 14 May, approving an amended version of the bill by a 15–9 vote. Lawmakers debated proposed changes touching ethics standards, DeFi-related oversight, and anti-money laundering language, with several ethics-focused amendments failing. The measure is not yet approved by the full Senate and must still clear additional procedural steps before it can become law.