Senate Banking Committee advances the CLARITY Act 15-9

The Senate Banking Committee advanced the CLARITY Act on May 14, 2026 by a 15-9 vote. All Republicans voted yes, joined by Democrats Ruben Gallego and Angela Alsobrooks. The bill still needs 60 votes on the Senate floor and then House action on the amended text. Stablecoin yield, ethics and jurisdiction remain contested, and yield rules matter directly to Coinbase's USDC income.

• Committee vote on May 14, 2026: 15 in favor, 9 against
• Democrats Ruben Gallego and Angela Alsobrooks voted yes
• Next steps: Senate floor needs 60 votes, then House approval of the amended bill
• Stablecoin yield and ethics provisions remained contested