A16z Crypto Warns US Falling Behind MiCA as Senate Committee Advances CLARITY Act

The Senate Banking Committee advanced the CLARITY Act on May 14, 2026 through a bipartisan markup vote. The bill builds on the GENIUS Act stablecoin framework from July 2025 and aims to provide broader protections for builders. The legislation would merge the Senate Banking Committee version with a companion portion from the Senate Agriculture Committee into a unified package. If the combined bill clears the full Senate, it moves to the House for approval. A House version, HR 3633, previously passed in July 2025 with 294 votes in favor and 134 opposed, including 78 Democrats. The CLARITY Act targets unclear boundaries between the SEC and the CFTC, which has contributed to shifting enforcement interpretations and regulation-by-enforcement outcomes.

"The Senate Banking Committee advanced the CLARITY Act on May 14, 2026, marking a historic bipartisan step toward crypto regulation. A16z Crypto's Miles Jennings says CLARITY builds on the GENIUS Act's July 2025 stablecoin framework to unlock broader builder protections. If CLARITY clears a full Senate vote and the House, builders gain domestic pathways to launch blockchain networks without regulatory compromise. The committee's markup vote moved the legislation forward on a bipartisan basis."

"The bill now heads toward a full Senate floor vote, where both the Senate Banking Committee version and the Senate Agriculture Committee's companion portion will be merged into one unified package. If the combined bill clears the full Senate, it goes to the House for approval. A House version of the CLARITY Act, designated HR 3633, passed in July 2025 with 294 votes in favor and 134 opposed, including 78 Democrats. A signature from the president would make it law."

"A core problem the legislation targets is the absence of clear boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Without a defined jurisdiction, builders have faced shifting enforcement interpretations for years. Jennings described the current approach as regulation-by-enforcement that created openings for bad actors while penalizing responsible developers. The CLARITY Act aims to define when a digital asset is a security and when it"

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