The crypto industry’s longest-running regulatory wish, a clear federal framework for digital assets, might actually be close to becoming law. Senator McCormick has said he expects the CLARITY Act to be signed into law this summer, a timeline that would end years of jurisdictional ambiguity between the SEC and CFTC.
Look, Congress has teased crypto legislation before. But this time the math is different. The bill has already passed the House with a 294-134 bipartisan vote and cleared the Senate Banking Committee with 15 votes in favor. That’s not a squeaker. That’s the kind of margin that suggests genuine political will rather than performative posturing.
Where the bill stands right now
The CLARITY Act’s journey through Congress has been methodical, if not exactly speedy. The House passed its version back in July 2025, sending a strong signal that digital asset regulation had crossed the partisan divide. A 294-134 vote in today’s Congress is roughly the legislative equivalent of a standing ovation.
The Senate Banking Committee then advanced its own version on May 15, 2026, with a bipartisan vote of 15 members in favor. That committee markup was a critical procedural gate, and the bill cleared it with room to spare.
