CLARITY Act Spurs CME Bitcoin Derivatives Overhaul After 15-9 Vote

The U.S. Senate Banking Committee advanced the 309-page CLARITY Act 15-9 on May 14, splitting SEC/CFTC oversight and banning passive stablecoin yields. The vote followed intense lobbying and over 100 amendments amid Brazil’s cross-border crypto ban and South Korea’s $41B outflows. Bitcoin climbed above $81,055 with $8.5B in product inflows, lifting total crypto market cap to $2.72T. Spot BTC and ETH ETFs recorded $290M and $65M outflows by May 15, while the bill now heads toward full Senate action with potential CME Bitcoin derivatives reforms on the horizon.