The Senate Banking Committee on Thursday approved a version of the Clarity Act – meant to establish cryptocurrency regulation – by a 15-9 vote.

Two Democrats, Sens. Angela Alsobrooks of Maryland and Ruben Gallego of Arizona, joined the panel’s 13 Republicans in giving the legislation a green light. It now will head to the full Senate, where it needs 60 votes to be fully considered. And even then, it must be reconciled with a House bill passed last July.

The bill advanced despite seemingly fluid negotiations.

Language concerning stablecoin yield, written by Alsobrooks and Sen. Thom Tillis, R-NC, survived intact. The language bars crypto firms from issuing rewards for…