CLARITY Act clears the US Senate Banking Committee after 10 months of delays
The CLARITY Act, a crypto market structure bill, cleared the US Senate Banking Committee on 15 May 2026, ending a 10-month period of stalls and backroom negotiations. The bill provides a path for commodity classification of decentralized networks, including Algorand.
Next steps are a full Senate floor vote, followed by reconciliation with the House version of the bill. Neither date has been set.
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