- The CLARITY Act advanced through the Senate Banking Committee after a 15-9 vote.
- BTC rose to $82,000 as Coinbase, Strategy, and Bitmine shares gained during the session.
- The bill still needs full Senate and House approval before reaching Trump’s desk.
The CLARITY Act advanced through the Senate Banking Committee on Thursday. The move gave crypto markets a fresh regulatory signal from Washington. Bitcoin and digital asset-linked stocks climbed as traders reacted to progress on the long-awaited market structure bill.
The committee voted 15-9 to move the measure forward. The vote largely followed party lines, with Democratic Sens. Democratic Sens. Ruben Gallego of Arizona and Angela Alsobrooks of Maryland siding with Republicans on the committee.
CLARITY Act Vote Lifts Bitcoin and Crypto Stocks
The bill still faces a long path before becoming law. It must clear the full Senate and the House before it could reach President Donald Trump’s desk.
Bitcoin rose to $82,000 after the vote. The largest cryptocurrency later eased to $81,500 but remained up 2.70% over the past 24 hours.
Crypto-linked equities also gained during Thursday’s session. Coinbase led the move, with COIN rising 8.56% as investors assessed the impact of clearer rules for digital assets.
Bitcoin treasury firm Strategy climbed 7%. However, Ethereum-focused treasury company Bitmine advanced 5.12%.
The CLARITY Act is designed to move digital assets toward broader federal regulation. Supporters say the bill could reduce uncertainty for crypto developers, investors, and companies.
Senate Banking Committee Chair Tim Scott said the industry had spent years in a regulatory gray area. He said developers, entrepreneurs, and investors faced confusion and enforcement actions instead of clear rules.
“For years, the digital frontier was trapped in a regulatory gray zone,” Scott said during the hearing. He added that the government should have been crafting clear standards for the industry.
CLARITY Act Faces More Senate Debate
Lawmakers from both parties said more work remains. They pointed to disputes over enforcement, illicit finance risks, and ethics rules involving elected officials who profit from crypto.
Sen. Mark Warner, a Virginia Democrat, said he had spent the past few months in “crypto hell” while working on the legislation. He said he hoped the process could still reach “crypto heaven.”
“I guess I’m right now in crypto purgatory, but I’m looking forward to getting all the way there,” Warner said.
The CLARITY Act has drawn support from major crypto companies. Coinbase, Circle, and Ripple have backed clearer rules and oversight for the digital asset industry.
Venture capital firm Andreessen Horowitz is also among the bill’s supporters. The firms argue that regulation could help encourage more investor participation in crypto markets.
Senator Cynthia Lummis also highlighted the bill’s progress on X. She posted “Clarity is Coming” with an AI-generated laser-eyes image.
Source: X
Despite Thursday’s committee approval, the CLARITY Act remains far from final passage. The next stages in Congress would decide whether the proposal could survive opposition and become federal law.
Related: Warren Pushes SEC Probe as CLARITY Act Faces Final Hurdles
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