people · May 16, 2026
Clarity Act Advances in Senate Banking Committee for Crypto Regulation
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The Clarity Act advanced from the Senate Banking Committee on May 15, 2026 after nearly a year of negotiations. The bill assigns CFTC oversight to Bitcoin, Ethereum, and Solana while giving SEC authority over token raises and shared roles for stablecoins. Bipartisan support emerged in the committee vote to move the legislation forward. The Clarity Act follows the GENIUS Act enacted in 2025 for stablecoin frameworks.
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