- The US Senate Banking Committee will vote on the CLARITY Act, a major crypto regulation bill, on Thursday.
- The bill, which aims to provide regulatory clarity, stalled in January after Coinbase withdrew support over key concerns.
- Industry leaders are celebrating the revived vote, calling it essential for keeping crypto innovation in the United States.
- The legislation requires bipartisan support and at least 60 votes to pass the full Senate.
The US CLARITY Act is scheduled for a crucial vote this Thursday in the Senate Banking Committee, marking a pivotal moment for the nation’s cryptocurrency industry after months of delay. This legislation, introduced in July 2025, seeks to establish clear regulatory frameworks for digital assets.
Progress on the bill stalled earlier this year, however, after Coinbase withdrew its support. The exchange cited several concerns including a lack of protections for open source developers and a prohibition on stablecoin yield.
Consequently, the new markup date triggered strong reactions from crypto executives. “It’s on like Donkey Kong,” Coinbase chief legal officer Paul Grewal said on Friday.
Meanwhile, Coinbase chief policy officer Faryar Shirzad said the vote was a “big step forward” for protecting consumers and supporting US innovation. Pro-crypto Senator Cynthia Lummis also said, “Let’s pass the Clarity Act out of the Banking Committee on Thursday!”
Industry participants have long argued that regulatory uncertainty under the Biden administration harmed domestic innovation. This uncertainty was linked to reports of firms relocating to more crypto-friendly jurisdictions offshore.
The upcoming vote was predicted just days ago by Coinbase VP of US policy Kara Calvert at the Consensus 2026 conference. She noted the bill needs bipartisan support and at least 60 votes to pass in the Senate.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
