CLARITY Act Vote Sparks Crypto Rally Ahead of Senate Floor Decision

Crypto-linked stocks are surging ahead of a pivotal Senate vote on the CLARITY Act, a bill that could bring much-needed clarity to US crypto regulation.

The act aims to split responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), reducing regulatory uncertainty for digital assets.

Coinbase shares COIN led the rally, gaining 10% on Tuesday to around $179. Other crypto-linked names, such as Strategy and Hut 8, jumped roughly 5%, while Circle rose 9%. Bitcoin climbed about 4% in the same period.

The CLARITY Act has been a long time coming, with its House version passing back in July 2025 and the Senate Banking Committee approving it 15-9 in May. A unified draft is now scheduled for a Senate floor vote this week, requiring at least 60 votes to pass before lawmakers begin their August 7 recess.