--- title: "Washington Has Talked about Crypto for Years. The Market Is Watching this Vote" type: "News" locale: "en" url: "https://longbridge.com/en/news/286231103.md" description: "The U.S. Senate Banking Committee is set to vote on the CLARITY Act on May 14, a significant piece of legislation for the crypto industry. This act aims to clarify regulatory oversight between the SEC and CFTC, addressing the current legal uncertainties faced by crypto companies. If passed, it would mark the first comprehensive crypto market-structure bill to advance through a Senate panel, potentially reshaping U.S. crypto policy. The House previously approved its version of the bill in July 2025." datetime: "2026-05-13T09:13:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286231103.md) - [en](https://longbridge.com/en/news/286231103.md) - [zh-HK](https://longbridge.com/zh-HK/news/286231103.md) --- # Washington Has Talked about Crypto for Years. The Market Is Watching this Vote The U.S. Senate Banking Committee is scheduled to hold a pivotal vote on May 14 that could mark a turning point for the entire crypto industry. The vote centers on the CLARITY Act, formally known as the Digital Asset Market Clarity Act, which is the most comprehensive piece of crypto legislation the United States has ever attempted to pass. ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks If it clears the committee, it would be the first time a comprehensive crypto market-structure bill has advanced through a Senate panel. That makes the May 14 session one of the most consequential moments in U.S. crypto policy history. ## **Understanding the CLARITY Act** The CLARITY Act addresses a problem that has plagued the crypto industry for years. Right now, crypto companies in the United States operate in a regulatory gray zone. Two different federal agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), both claim varying degrees of authority over digital assets. That overlap has created years of legal uncertainty, with companies facing enforcement actions from regulators whose jurisdiction was never clearly defined by Congress. The CLARITY Act draws a clear line. Digital assets that function like commodities, such as Bitcoin (BTC-USD) and Ethereum (ETH-USD), would fall under CFTC oversight. The CFTC is the federal agency that regulates commodity markets, such as oil and gold futures. Tokens that behave more like securities would remain with the SEC. The bill also includes legal protections for developers building decentralized finance (DeFi) software, shielding them from being classified as financial intermediaries for writing open-source code. The House of Representatives passed its version of the bill by 294 votes to 134 in July 2025. The Senate has been working through its own version ever since, and May 14 is the moment that process comes to a head. ### Related Stocks - [CIFR.US](https://longbridge.com/en/quote/CIFR.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [BITF.US](https://longbridge.com/en/quote/BITF.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [ABTC.US](https://longbridge.com/en/quote/ABTC.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [HUT.US](https://longbridge.com/en/quote/HUT.US.md) - [SQ.US](https://longbridge.com/en/quote/SQ.US.md) - [BITQ.US](https://longbridge.com/en/quote/BITQ.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [BTCC.US](https://longbridge.com/en/quote/BTCC.US.md) - [IETH.US](https://longbridge.com/en/quote/IETH.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md) ## Related News & Research - [The Hat Selects Square to Power Multi-State Expansion | XYZ Stock News](https://longbridge.com/en/news/286937808.md) - [Galaxy Lands Major Regulatory Win, Granted Money Transmission License](https://longbridge.com/en/news/286805414.md) - [Scott denies vote on bank-favored fix on yield](https://longbridge.com/en/news/286455014.md) - [Duan Yongping's first investment in a crypto company: Why Circle?](https://longbridge.com/en/news/287030025.md) - [The Clarity Act is about to be implemented: Layout of six major business sectors](https://longbridge.com/en/news/286852769.md)