Sen. Kennedy’s CLARITY Act Vote Locks In Senate Banking Committee Passage
Sen. John Kennedy will vote sure on the Digital Asset Market CLARITY Act in Thursday’s Senate Banking Committee markup, locking in Republican assist that clears the crypto market construction invoice no matter how Democrats vote.
The Louisiana Republican reportedly struck a take care of Chairman Tim Scott so as to add a fiduciary responsibility provision for folks working within the crypto business and to connect Sen. Elizabeth Warren’s Build Now Act housing invoice to the bundle.
Bipartisan Deal Flips CLARITY Act Committee Math
The Senate Banking panel splits 13 Republicans to 11 Democrats. Every GOP vote was wanted to advance the invoice, and Kennedy had been the one holdout heading into Thursday’s session.
Chairman Scott released the 309-page legislative text Tuesday after months of negotiation over stablecoin yield guidelines. The invoice handed the House 294 to 134 in July 2025 however stalled within the Senate over these disputes.
White House crypto director David Sacks framed the markup as a serious win for U.S. competitiveness and thanked Senate employees for the compromises that produced the present textual content.
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Amendments and DeFi Pushback Loom
Senate Banking members filed more than 100 amendments earlier than Wednesday’s deadline. Sens. Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Warren and Jack Reed are pushing proposals that the DeFi Education Fund describes as anti-DeFi.
Those amendments goal the Blockchain Regulatory Certainty Act, protections for non-controlling software program builders, DeFi front-end interfaces and tokenization provisions.
Kennedy mentioned he’ll hear Democratic amendments however signaled an ethics provision is unlikely to make committee.
Polymarket merchants now worth the bill’s 2026 passage odds at 73%, and up to date polling reveals a majority of voters again the framework.
A profitable committee vote sends the laws to the Senate flooring earlier than the Memorial Day recess.
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