As the CLARITY Act moves closer to a full Senate vote, one of its most important contributions may ultimately be a mechanism for separating a token’s secondary-market status from the transaction through which it was originally sold — a distinction that courts and regulators have failed to settle for over a decade. The Digital Asset Market Clarity Act, or CLARITY Act, moved a step closer(opens in a new tab) to the Senate floor on 14 May 2026. The Senate Banking Committee advanced its version of the digital asset market-structure bill by a vote of 15-9. Several hurdles remain however, before any final version becomes ... (full story)