US CLARITY Act Progresses After Senate Banking Committee Vote Scheduled

The US CLARITY Act is one step closer to becoming law after Senate Banking Committee chair Tim Scott confirmed that it will be voted on by the committee this Thursday.

The bill, which aims to provide regulatory clarity to the crypto industry in the US, has been a long time coming. Despite being introduced in July 2025, progress was stalled earlier this year due to concerns from Coinbase and other industry players.

However, with a vote scheduled for May 14, the momentum is building once again. Coinbase's chief policy officer Faryar Shirzad has welcomed the development, calling it a 'big step forward' for innovation in the US.