# Clarity Act, a significant US crypto market structure bill, advanced out of the Senate Banking Committee with bipartisan support.

*web3 · news · 2026-05-15 · The Economic Times*

## Key points

- The Clarity Act advanced out of the Senate Banking Committee with a 15 to 9 bipartisan vote.
- The bill assigns digital commodities oversight to the CFTC and digital securities oversight to the SEC.
- An unresolved ethics provision on lawmakers trading crypto remains a major hurdle before a Senate floor vote.
- White House officials oppose ethics rules specifically targeting the president, complicating final bill negotiations.
- Securing 60 votes in the Senate and reconciling committee differences are required before presidential approval.

**Companies:** Coinbase
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/bitcoin-price-btc-usd-surges-above-82000-after-major-us-crypto-bill-clears-senate-committee-vote-heres-what-traders-need-to-know-about-the-clarity-act/articleshow/131105683.cms)

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