The CLARITY Act has been passed by a Senate committee and will soon undergo final review by Congress.

CoinFeed reported on May 15th that, according to CoinDesk, the U.S. Senate Banking Committee passed the CLARITY bill by a bipartisan vote of 15-9, moving it to the next stage of the process. Democratic Senators Ruben Gallego and Angela Alsobrooks voted in favor along with all Republicans. Committee Chairman Tim Scott secured Democratic support at the last minute by allowing a previously rejected amendment. The bill will now be merged with the version previously passed by the House Agriculture Committee, then submitted to the full Senate for a vote, and finally to the House for a final decision. The bill's final passage still depends on further negotiations regarding preventing the use of crypto and DeFi technologies for financial crimes, as well as ethical provisions restricting government officials' involvement in the crypto industry.