The US Senate passed the CLARITY Act today, on 14 May 2026, by a bipartisan vote of 72-28, sending the cryptocurrency regulation bill to the US President's desk after years of jurisdictional confusion between federal agencies.
Bitcoin surged from $79K to $82K immediately following the announcement. Meanwhile, Ethereum is trading at $2314. Altcoins like Solana and XRP posted double-digit gains of 12-15%.
The bill now awaits presidential action. If signed, the CLARITY Act would end the regulatory uncertainty that has driven crypto projects overseas and sparked high-profile enforcement actions against companies, including Ripple, Coinbase, and Binance.
The CLARITY Act, a.k.a. the Crypto Leadership and Regulatory Integrity Through Yield Act, establishes clear boundaries between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
Markets responded enthusiastically to the Senate vote
Circle emerged as the rally's biggest winner, with CRCL shares jumping from recent lows of $84 to $130.
Meanwhile, Ripple CEO, Brad Garlinghouse, said, "The Senate Banking Committee is putting in the work as it moves the Clarity Act forward… incredible leadership! Millions of Americans are already in this market. Ripple supports this bill because it deserves the same rules and protections as every other asset class. If the largest economy in the world is going to lead on crypto - and it must - this is the moment. Let's get it done!"
Ondo Finance called it "a landmark moment for tokenization."
"The CLARITY Act has cleared the Senate Banking Committee, moving the U.S. closer to a clear framework for digital assets."
In fact, Coinbase CEO Brian Armstrong said, "Today's vote on the Clarity Act is a big opportunity to move America's financial system forward."
JPMorgan analysts project the regulatory clarity could attract $50-100 billion in new institutional capital within 12 months, as firms like BlackRock and Fidelity expand cryptocurrency offerings.
The bank estimates that the US could capture 20-30% more of the global crypto market share from offshore hubs such as Singapore and Dubai.
Read More: Bitcoin Breaks $80K Support: Kalshi Gives 88% Probability of $75K Price Target | Crypto Watch Desk