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CLARITY Act Clears Senate 15-9 Vote Despite Hayes Trump Veto Push, BTC Near $77K

The CLARITY Act advanced out of the Senate Banking Committee with a 15-9 bipartisan vote on May 22, marking the latest milestone in a rapidly evolving regulatory push. Arthur Hayes had urged President Trump to veto the bill since mid-May, warning that added oversight would erode Bitcoin’s decentralized value and primarily benefit institutions. Galaxy Digital’s Alex Thorn maintained 70–75% odds of eventual passage, noting Congress has roughly nine weeks before the August recess to complete work. BTCUSD traded around $77,181 as the legislation heads toward potential floor votes.

Category

Bitcoin

Sentiment

Bullish

Event

Institutional outlook

Reading time

1 min