The CLARITY Act, aimed at establishing regulatory frameworks for cryptocurrencies in the United States, passed the Senate Banking Committee with a 15-9 vote. This bipartisan support included Democratic Senators Ruben Gallego (D-AZ) and Angela Alsobrooks (D-MD), who voted in favor despite previous concerns regarding consumer protections and deposit flight risks. Alsobrooks emphasized the need for further negotiations before supporting the bill on the Senate floor. The passage of this legislation is seen as a significant step toward legalizing most crypto activities in the U.S., which has been sought by the industry for years. Following the vote, Bitcoin (CRYPTO: BTC) surged to $81,000, while XRP (CRYPTO: XRP) rose by 4%. Other crypto stocks like Coinbase (NASDAQ:COIN) and Strategy Inc. (NASDAQ:MSTR) also experienced gains, reflecting the market's optimism about clearer regulatory guidelines. The bill now moves to the Senate floor for further consideration and must reconcile with the House version before reaching President Trump's desk.