Senate Banking Committee Votes on CLARITY Act Amid Crypto Market Uncertainty

The fate of the CLARITY Act hangs in the balance as the Senate Banking Committee prepares to vote on advancing the crypto market structure bill. According to White House Crypto Advisor Patrick Witt, the outcome will depend on 'politics, not policy.'

Witt made this statement ahead of Thursday's markup, referencing Senator Elizabeth Warren and the Democratic opposition. The CLARITY Act aims to provide clarity in the US regulatory environment for cryptocurrency.

The crypto market is trading mixed ahead of the vote, with Bitcoin just below $80,000. Solana and Ethereum led losses among major cryptocurrencies, while Dogecoin saw a 3.3% gain over the last 24 hours.

A poll on Stocktwits suggests that most retail traders expect the vote to pass, but around one-third believe 'nothing meaningful' will come of it in 2026.