The CLARITY Act advanced on a bipartisan 15-9 committee vote after negotiations, but ethics rules, DeFi oversight, committee-version differences, and a chamber discrepancy still cloud its path through Congress.
The CLARITY Act advanced on a bipartisan committee vote, with one source reporting a 15-9 approval after negotiations and amendments, moving a major U.S. crypto market structure bill forward while leaving unresolved disputes over ethics provisions, DeFi oversight, and reconciliation with another committee version. Available sources conflict on the chamber and committee involved: earlier reporting placed the vote in the Senate Banking Committee, while newer reporting described a 15-9 approval in the House Financial Services Committee after a last-minute deal; another source only says the bill cleared its first legislative checkpoint on a bipartisan vote. Coinbase CLO Paul Grewal said the markup showed broad commitment to passing the bill, though analysts cited by The Block said significant obstacles remain and TD Cowen raised its estimated odds of passage to 40%. Senator Lummis also said major banks oppose the legislation because they cannot compete with crypto, while Santiment reported a sharp rise in Bitcoin-related social media optimism after the committee action. A separate item in one source said Coinbase struck a major deal with Hyperliquid and that HYPE rose sharply, but no terms, timing, or price details were provided.