On Thursday, the Senate Banking Committee held a markup hearing on the CLARITY Act, crypto market infrastructure legislation that was passed in the House in 2025 and sat in limbo in the Senate until this past week. The legislation aims to protect consumers while enabling digital asset innovation, an ambitious yet profoundly needed objective. The Committee voted to approve the bil thus sending it toward a future full Senate floor vote.

While the legislation passed the Committee intact, it may undergo some adjustments before it is approved by the full Senate. After this, the House bill and the Senate version must be reconciled before moving to the White House for signing into law.

The legislation is expected to be approved, but…