House Committee on Agriculture Chairman Glenn “GT” Thompson and House Committee on Financial Services Chairman French Hill said on May 14 that they welcomed the U.S. Senate Banking Committee’s decision to advance the CLARITY Act out of committee.
The development is significant as it moves digital asset market structure legislation closer to becoming law, which supporters say will provide clarity for the digital asset sector in the United States. The statement from Thompson and Hill highlights bipartisan support for the bill in the House and ongoing efforts in both chambers of Congress.
“Last July, the House sent a strong bipartisan message when 78 Democrats joined 216 Republicans to pass the CLARITY Act. On January 29, 2026, Senate Agriculture Committee Chairman John Boozman (R-AR) took the first step and advanced digital asset market structure legislation. We commend Chairman Tim Scott (R-SC) and the Senate Banking Committee for continuing that momentum and moving this bill forward,” Thompson and Hill said.
They continued: “This landmark bill brings long-overdue certainty to the digital asset ecosystem and solidifies the United States as the global leader in the future of blockchain use in financial services. A clear framework will protect consumers, encourage responsible innovation, and keep investment and technological development here in the United States.”
Thompson and Hill also said they look forward to further collaboration with their Senate colleagues as work continues on finalizing provisions before a full vote: “We look forward to continuing to work with our Senate colleagues as the Banking and Agriculture Committees finalize the CLARITY Act and advance this historic legislation to the Senate floor. We must get a strong, durable framework that reflects the priorities of both Chambers across the finish line and to President Trump’s desk.” The House Committee on Agriculture has roles supporting nutrition programs, overseeing financial regulations beneficial for agriculture, aligning with Republican members of Congress, supervising federal initiatives fostering innovation within production agriculture, addressing agricultural concerns across multiple states, and shaping farm bills that support climate-smart solutions for farmers according to its official website.
Observers expect continued debate over how best to regulate digital assets while balancing consumer protection with industry growth.
