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14 May 2026, 18:49

Republican-led Senate Banking Committee advances crypto bill

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14 May 2026, 18:47

Senate panel moves crypto regulation bill forward with 15 9 vote

🚨 The US Senate Banking Committee advances the key Clarity Act in a 15 to 9 vote. New bill amendments address investor protection and DeFi regulation in $BTC policy. Continue Reading: Senate panel moves crypto regulation bill forward with 15 9 vote The post Senate panel moves crypto regulation bill forward with 15 9 vote appeared first on COINTURK NEWS .

14 May 2026, 18:20

CLARITY Act News: Senate Banking Committee Advances The Bill in 15-9 Vote

The Senate Banking Committee has advanced the Digital Asset Market Clarity Act on Thursday in a 15-9 vote, moving the crypto market structure bill closer to a possible full Senate vote. The vote was bipartisan, with Democratic Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland joining all Republicans on the committee in support of the bill. The measure now moves to the next stage in the Senate, though it still must clear the full chamber and be reconciled with House legislation before it can become law. Senator Cynthia Lummis, who chairs the Senate Banking Subcommittee on Digital Assets and has been one of the bill’s main champions, said the legislation is needed to stop digital asset activity from moving offshore. She argued that without clear rules, crypto companies will continue shifting to countries where regulators are more willing to engage. “Without the Clarity Act, the digital asset industry will move offshore to any nation that has regulators willing to engage,” Lummis said before the vote. “Every day that we stall is a day we hand our competitors an advantage we won’t get back.” Senate Panel Clears Crypto Market Structure Bill The Clarity Act is designed to create a federal regulatory framework for digital assets, including token classification, market oversight, consumer protection and anti-illicit finance rules. Senate Banking Committee Chair Tim Scott said the bill is meant to end years of uncertainty in the crypto sector. During the markup, he said developers, entrepreneurs and investors had been left in a regulatory gray zone while enforcement actions filled the gap left by Congress. Scott said the bill aims to protect consumers, keep financial innovation in the United States and support national security. He framed the legislation as a set of market rules rather than a partisan project. Senator Thom Tillis also supported the bill after months of negotiations. He said the committee-approved version represents a bipartisan compromise and that additional work will continue before a final Senate vote. The bill is backed by major crypto companies and investors, including Coinbase, Circle, Ripple and Andreessen Horowitz. Coinbase CEO Brian Armstrong called the vote an opportunity to move the U.S. financial system forward. Cynthia Lummis Says Banks Should Embrace Digital Assets Lummis said the legislation would bring digital assets into the U.S. financial system instead of leaving the market without clear federal standards. She argued that the current environment allows bad actors to operate while legitimate companies seek clearer jurisdictions abroad. She also addressed opposition from parts of the banking industry. According to Lummis, some banks view stablecoins and digital asset firms as competition for deposits. She said she disagrees with that assessment and believes banks should offer digital asset products alongside traditional services. Lummis said stablecoin issuers could help create more demand for U.S. Treasuries because compliant stablecoins need high-quality reserves. She pointed to firms such as Tether as large buyers of Treasuries and said new demand for government debt could support U.S. markets. The banking industry remains concerned that the bill may allow crypto firms to offer reward programs that resemble interest on stablecoin balances. Crypto supporters say the current draft allows rewards tied to activity, such as spending or transactions, rather than passive yield. Democrats Seek More Changes Before Floor Vote Although the bill advanced with two Democratic votes, several Democrats said more work is needed before they can support the measure on the Senate floor. Senator Mark Warner said he wants to continue negotiations and reach a stronger final version. Other Democrats raised concerns over law enforcement powers, developer protections, and ethics rules involving elected officials with crypto interests. One major dispute involves provisions tied to the Blockchain Regulatory Certainty Act, which would protect non-custodial software developers from being treated as money transmitters when they do not control user funds. Law enforcement groups have argued that the language could make some crypto crime cases harder to pursue. Ethics language also remains unresolved. Some Democrats have pushed for stronger conflict-of-interest provisions after President Donald Trump and his family became involved in crypto ventures. The bill also faces opposition from banking groups, law enforcement organizations and labor unions. Labor groups have warned that wider crypto adoption could create risks for retirement and pension accounts, while law enforcement groups want stronger tools to pursue illicit finance. The Clarity Act must still pass the full Senate. If approved there, it would need to be reconciled with a version passed by the House before heading to the president’s desk.

14 May 2026, 18:08

Bitcoin surges to $82,000 as Clarity Act finally scores Senate approval

Bitcoin jumped back to $82,000 after the Senate Banking Committee cleared the Clarity Act on Thursday, giving the crypto market one of its biggest policy headlines in months. The committee approved the bill in a 15-9 vote. Most senators voted with their party, but two Democrats, Senator Ruben Gallego of Arizona and Senator Angela Alsobrooks of Maryland, joined every Republican on the panel. Senators keep crypto industry’s Clarity Act alive as Bitcoin continues to win in America After this win, Clarity must pass the House, which already approved another version of the bill last fall. If both chambers settle on one final version, the bill would then go to Trump for approval. During the hearing, lawmakers from both parties said they would keep working on parts of the bill that are still causing problems. One fight is over how to catch criminals using digital assets. Another is over ethics rules for elected officials who make money from crypto. Trump and his family have earned billions through meme coins and World Liberty Financial, so that issue is already sitting right in the middle of the debate. Senator Mark Warner, a Democrat from Virginia, has been working with Republicans on the bill. After introducing Mark, he described the talks as rough but still alive. Mark said he had been in “crypto hell the last couple months” and still hoped to keep going until lawmakers could “get to crypto heaven.” Mark added, “I guess I’m right now in crypto purgatory, but I’m looking forward to getting all the way there.” Republican Senator Tim Scott, the chairman of the committee, said the bill was necessary since crypto firms have had to contend with inconsistent regulations for some time now. According to Tim, “For years, the digital frontier found itself in a regulatory gray area.” It also meant that developers, business owners, and investors could not get out of the gray zone since they had to endure the legal uncertainties that would otherwise be dealt with by clear guidelines. According to Cynthia Lummis, who has earned the nickname “crypto mom” for her stance on cryptocurrencies, the decision by the committee came after almost a year of unceasing negotiations and represented an enormous step towards digital asset innovation in the US. Lummis has always been pro-crypto, and her remarks reinforced the notion that America cannot afford to lag in digital finance. “This is a historic step forward for digital asset innovation, and I’m grateful to Chairman Scott. Today’s committee approval sends a strong message that the United States is not ceding the future of digital finance to anyone.” Crypto firms defend Clarity Act bill Crypto giants Coinbase Global Inc. (COIN), Circle Internet Group Inc. (CRCL), and Ripple want clearer rules because they believe regulation can make investors more comfortable with the industry. Andreessen Horowitz also backs the plan, and the White House has pushed the bill and joined parts of the talks between banks and crypto groups. Banks (really JPMorgan) are concerned that crypto companies could offer payments that look like interest to stablecoin users. They say that could pull deposits out of banks and leave less money for lending. But the crypto execs reject that reading, saying the bill only allows rewards when stablecoins are used for payments. Democrats tried to add amendments during the committee meeting, but none survived, and they clearly failed in votes. Others were blocked after Tim said they were not written correctly and could not be offered. Senator Thom Tillis said on X that the committee bill was “a strong bipartisan compromise” that could give the industry more regulatory certainty. Thom also said “more work remains in the weeks ahead” before the bill is ready. CFTC Chairman Mike Selig said the vote brings the country closer to becoming “the crypto capital of the world.” Mike said the bill would separate digital asset securities from commodities, set transaction rules, and stop regulation by enforcement. The smartest crypto minds already read our newsletter. Want in? Join them .

14 May 2026, 18:02

Ripple CEO to XRP Holders: This is the Moment. Let’s Get It Done

Millions of Americans already hold digital assets. They trade, invest, and build on crypto platforms daily, but no federal law has established a comprehensive market structure framework for the industry. That is the reality Ripple CEO Brad Garlinghouse recently addressed, as the U.S. Senate Banking Committee released the text of the Digital Asset Market Clarity Act ahead of the markup vote scheduled for May 14. Senator Tim Scott, who chairs the Senate Banking Committee, positioned the bill as a delivery of certainty and accountability for families, small businesses, investors, and innovators. That set the stage for Garlinghouse to weigh in. 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 stands behind this bill because they deserve the same rules and protections as every other asset class. If… https://t.co/orvdQHDbEz — Brad Garlinghouse (@bgarlinghouse) May 13, 2026 Garlinghouse on Leadership and Accountability Garlinghouse praised the committee, stating, “The Senate Banking Committee is putting in the work as it moves the Clarity Act forward.” He called it “incredible leadership.” Garlinghouse also tied his support to a practical argument. He noted that millions of Americans are already in the market, and Ripple supports the bill because they deserve the same rules and protections as other market classes. Garlinghouse has consistently pushed for regulatory clarity at the federal level. XRP itself already has regulatory clarity , but rules governing the broader industry could provide a stronger foundation for growth and encourage institutional adoption. What the CLARITY Act Establishes The recently released 309-page draft covers significant ground. It grants the CFTC exclusive jurisdiction over digital commodity spot markets while the SEC retains authority over investment contract assets. An expedited registration process is established for exchanges, brokers, and dealers. On stablecoins, the bill prohibits passive interest on stablecoin balances but permits rewards tied to transactions and platform usage. Banks and credit unions receive explicit authorization to custody and trade digital assets. Non-custodial blockchain developers are also protected, excluded from money transmitter classification solely based on their code. The Urgency Behind the Vote The White House has set a July 4 target for signing the bill into law. Congress heads into Memorial Day recess on May 21. Senator Bernie Moreno has warned that failing to pass the bill this month could push it into 2027 . The committee markup on May 14 is the next step. The CLARITY Act is not special treatment for crypto, but equal treatment under the law. Garlinghouse closed his statement with a call to action. “If the largest economy in the world is going to lead on crypto, and it must, this is the moment,” he wrote. “Let’s get it done.” Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO to XRP Holders: This is the Moment. Let’s Get It Done appeared first on Times Tabloid .

14 May 2026, 17:48

Senate panel split 13-11 on BTC bill, key vote looms

🚨 Senate Banking Committee moved $BTC bill 13-11 with party-line division. The key crypto regulation faces strong pushback from Democrats over investor risk. Continue Reading: Senate panel split 13-11 on BTC bill, key vote looms The post Senate panel split 13-11 on BTC bill, key vote looms appeared first on COINTURK NEWS .