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>>The CLARITY Act has just cleared the Senate Banking Committee—perhaps the most consequential day in crypto history.

The CLARITY Act has just cleared the Senate Banking Committee—perhaps the most consequential day in crypto history.

crypthub

5/15/2026, 9:40:18 AM

Bill Passage and Immediate Market Reaction

The Senate Banking Committee approved the Digital Asset Clarity Act on May 14, 2026, by a 15‑9 vote. Bitcoin spiked to $81,965 before pulling back, while crypto‑linked stocks posted their strongest single‑day gains in months. Coinbase rose 9.1%, MicroStrategy 8.2%, and Robinhood 6.2% as investors priced in what could be the most consequential U.S. crypto law. Analysts now debate whether this is a lasting re‑rating or a short‑term relief rally ahead of a full Senate vote.

Jurisdiction Framework and Short Squeeze

The act clarifies jurisdiction by assigning securities to the SEC and commodities to the CFTC based on a network’s decentralization score. This resolves years of regulatory ambiguity and opens institutional capital to previously sidelined assets. Tokens on highly decentralized networks were heavily shorted; the bipartisan vote triggered a $250 million short‑covering squeeze within four hours. The clear split between SEC and CFTC regimes was the primary catalyst for the rapid price moves.

Outlook and Price Targets

If the bill reaches the Senate floor unchanged, Bitcoin could retest $85,000, supporting a second leg of gains for altcoins and commodity‑classified tokens. Amendments affecting stablecoins, conflict‑of‑interest rules, or CBDC limits may keep the market range bound between $78,000 and $84,000. Failure to secure the 60‑vote threshold would likely reverse momentum and restore short pressure. Traders are watching the $84,500 daily close as the key barometer of the bill’s real impact.