The CLARITY Act, the most ambitious piece of crypto legislation to reach the Senate floor in years, has hit a wall. What happened and why it mattersThe Digital Asset Market Clarity Act, formally known as H.R. It cleared the Senate Banking Committee in May 2026 with a 15-9 vote, which, by Washington standards, looked like genuine momentum. With Republican senators now expressing heightened concerns about the yield provisions, clearing it looks increasingly difficult before recess. The CLARITY Act was supposed to build on that framework while adding broader market structure rules for digital assets and DeFi.