Sen. Kennedy’s CLARITY Act Vote Locks In Senate Banking Committee Passage

Sen. John Kennedy will vote yes on the Digital Asset Market CLARITY Act in Thursdays Senate Banking Committee markup, locking in Republican support that clears the crypto market structure bill regardless of how Democrats vote. The Louisiana Republican reportedly struck a deal with Chairman Tim Scott to add a fiduciary duty provision for people working in the crypto industry and to attach Sen. Elizabeth Warrens Build Now Act housing bill to the package. Bipartisan Deal Flips CLARITY Act Committee Math The Senate Banking panel splits 13 Republicans to 11 Democrats. Every GOP vote was needed to advance the bill, and Kennedy had been the only holdout heading into Thursdays session. Chairman Scott released the 309-page legislative text Tuesday after months of negotiation over stablecoin yield rules. The bill passed the House 294 to 134 in July 2025 but stalled in the Senate over those disputes. White House crypto director David Sacks framed the markup as a major win for U.S. competitiveness and thanked Senate staff for the compromises that produced the current text. Tomorrows markup of the Digital Asset Market Clarity Act is a monumental step in making the U.S. the Crypto Capital of the World and maintaining Americas leadership in innovation. I applaud Chairman @SenatorTimScott and the Senate Banking Committee for working so hard to craft David Sacks (@DavidSacks) May 13, 2026 Follow us on Xto get the latest news as it happens Amendments and DeFi Pushback Loom Senate Banking members filed more than 100 amendments before Wednesdays deadline. Sens. Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Warren and Jack Reed are pushing proposals that the DeFi Education Fund describes as anti-DeFi. Those amendments target the Blockchain Regulatory Certainty Act, protections for non-controlling software developers, DeFi front-end interfaces and tokenization provisions. Kennedy said he will hear Democratic amendments but signaled an ethics provision is unlikely to make committee. News: Sen. Kennedy tells Semafor he will vote for the crypto market structure bill tomorrow in Banking Committee, meaning it will get out of committee regardless of what Dems do. More TK He says he has a deal with Chairman Scott on "creating fiduciary duty for people within Burgess Everett (@burgessev) May 13, 2026 Polymarket traders now price the bills 2026 passage odds at 73%, and recent polling shows a majority of voters back the framework. A successful committee vote sends the legislation to the Senate floor before the Memorial Day recess. Read the article at BeInCrypto