Block Signals · May 17, 2026

309 Pages, 15 Votes, and One Line Between Securities and Commodities

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A 309-page bill just cleared committee with a 15-9 vote, drawing a hard line between the SEC and CFTC over which agency regulates which tokens.

The U.S. Senate Banking Committee voted 15-9 on May 14 to advance the CLARITY Act to the full Senate floor. Two Democrats joined all Republicans on the panel, making it the first bipartisan committee-level approval of a comprehensive crypto market structure bill in U.S. history. The 309-page legislation establishes a formal jurisdictional boundary betwe…

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