Report Says Ten Democrats May Back CLARITY Act, Reviving Path to Passage

A new Bloomberg report suggests as many as ten Senate Democrats could be willing to support the CLARITY Act, potentially giving the crypto market structure bill enough votes to clear the Senate’s 60-vote threshold.

Bill Needs Bipartisan Support to Advance

The CLARITY Act aims to clarify how the SEC and CFTC divide regulatory oversight of digital assets. Having already passed the House and advanced through Senate committee review, the legislation still requires broader Senate approval to become law. Since Republicans hold 53 seats, at least seven to ten Democratic votes are needed to overcome a filibuster, depending on full Republican support.

Democrats Have Raised Ethics Concerns

Internal debate among Senate Democrats has centered on ethics provisions, consumer protections and safeguards against illicit finance. Several Democratic senators previously voiced opposition after a merged draft omitted ethics language they had demanded, arguing the bill needed stronger restrictions on officials profiting from digital assets while in office.

Wall Street Backing Grows

Major financial institutions, including BlackRock and Fidelity, have publicly supported the bill, pushing for clearer market rules that could lower compliance costs and speed up institutional entry into crypto markets. Industry watchers say the legislation reflects a broader shift from an enforcement-driven regulatory approach toward a formal legislative framework, similar to earlier stablecoin legislation debates. If enough Democratic support materializes, it could mark a turning point after months of uncertainty over the bill’s fate.