U.S. House committee chairs back CLARITY Act as Senate panel advances crypto market bill

U.S. House committee chairs back CLARITY Act as Senate panel advances crypto market bill
Crypto rules gain support

Momentum is building in Washington for federal digital asset market structure legislation as the Senate Banking Committee moves the CLARITY Act forward. The measure is framed by House committee leaders as a step toward clearer rules for blockchain-based financial services, consumer protection and retaining investment in the U.S.

Highlights

  • The Senate Banking Committee advanced the CLARITY Act after the House passed it in July with 78 Democrats and 216 Republicans supporting.
  • Senate Agriculture Committee Chairman John Boozman moved digital asset market structure legislation forward on Jan. 29, 2026, sustaining congressional momentum.
  • Lawmakers emphasize the CLARITY Act would establish a comprehensive regulatory framework for digital assets, aiming to protect consumers and support U.S. blockchain innovation.

Committee action extends digital asset push

As reported by the House Committee on Financial Services, Chairman French Hill and House Committee on Agriculture Chairman Glenn Thompson say the Senate Banking Committee's vote keeps moving the CLARITY Act through Congress. They point to the House's bipartisan passage of the bill last July, when 78 Democrats joined 216 Republicans in support.

The chairs also cite a Jan. 29, 2026 move by Senate Agriculture Committee Chairman John Boozman to advance digital asset market structure legislation. In their statement, they commend Senate Banking Committee Chairman Tim Scott and say the latest committee action continues that momentum.

Regulatory certainty seen as sector catalyst

The lawmakers describe the bill as a long-delayed framework for the digital asset ecosystem that would strengthen the United States' position in blockchain use within financial services. They say clearer rules would protect consumers, support responsible innovation and help keep investment and technology development in the U.S.

Hill and Thompson say they expect further work with Senate colleagues as the Banking and Agriculture Committees finalize the CLARITY Act for consideration by the full Senate. They add that the goal is a durable framework reflecting priorities from both chambers and reaching President Trump.

Our earlier coverage of Senate Banking Committee minority staff warnings on the CLARITY Act highlighted concerns that the draft could leave key illicit-finance vulnerabilities in crypto markets unaddressed. The advisory argued the bill may weaken anti-money laundering expectations, create carveouts for revenue-generating DeFi activity, and leave loopholes related to sanctions evasion and stablecoin use by foreign actors.

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