CLARITY Act clears Senate Banking Committee vote

Ethical concerns regarding Donald Trump’s multibillion-dollar crypto empire continue to loom large among Democrats, threatening to stall the bill’s path through Congress.

XRP rallied as buyers pushed the token to fresh session highs, extending gains after a breakout from consolidation. The move came alongside expanding volume, elevated momentum readings, and optimism after the Senate Banking Committee advanced the CLARITY Act, which Ripple publicly supported. XRP Breakout Signals Renewed Bullish Momentum At 2:27 p.m. on May 14, XRP […]

The Clarity Act's advancement signals a shift towards comprehensive federal oversight of digital assets, potentially reshaping the crypto landscape. The post Senate panel advances Clarity Act, boosting crypto regulation prospects appeared first on Crypto Briefing.

Cryptocurrency markets rallied sharply on Thursday after the Senate Banking Committee delivered a major win for the industry by advancing the long-anticipated CLARITY Act.  The market reaction was visible across the largest coins: Bitcoin (BTC) jumped to $81,899 at the time of writing, representing about a 2.7% gain, while XRP led among the top ten cryptocurrencies, surging above $1.50 with gains of more than 6%—a level not seen since March of this year.  Even with the momentum, the bill is still not law, and it faces multiple political and procedural hurdles before it can be finalized. Next Steps For The CLARITY Act The committee’s action—passing the CLARITY Act by a 15–9 vote—means the next step is a full Senate vote, which would require roughly 60 votes to pass.  If it clears that threshold, the process would move into the next phase, typically involving House–Senate talks to reconcile differences between versions, followed by a potential presidential signature, which could further

Lawmakers debated amendments on ethics and other issues for a digital asset market structure bill before advancing the legislation, setting up a Senate floor vote.

After struggling to break $80,000, bitcoin surged more than $2,000 in four hours, peaking above $81,800 and eyeing the $82,000 mark. Bitcoin Reclaims Ground After Volatile Session On May 14, bitcoin reversed course, wiping out losses incurred 48 hours earlier after jumping by approximately $2,000 during a frenzied four-hour window. Market data showed the cryptocurrency […]

The crypto market is facing its most significant regulatory test in years as the US Senate Banking Committee prepares to vote on the CLARITY Act today, Thursday, May 14. The markup session that will determine whether the most comprehensive digital asset legislation in American history advances toward a full Senate floor vote begins with bipartisan […]

After months of negotiations involving the crypto industry, the banking sector, and lawmakers who had been publicly calling for changes, the long-awaited CLARITY Act has cleared a major step toward becoming law.  The measure advanced with support across party lines in the Senate Banking Committee, winning the last pre–full Senate vote hurdle ahead of the […]