Senate Banking Committee Members Backing the CLARITY Act: A Comprehensive Breakdown
A bipartisan coalition is emerging in support of the CLARITY Act, with multiple Democrats crossing party lines to join Republicans in backing the crypto legislation ahead of its May 14 markup session.
After months of anticipation from cryptocurrency advocates, the CLARITY Act is moving forward to a markup session within the United States Senate Banking Committee.
The journey has been lengthy and complex. After successfully clearing the House of Representatives on July 17, 2025, the legislation entered Senate deliberations where it has remained since. Progress was recently stalled when cryptocurrency advocates and banking industry representatives clashed over whether stablecoins should be permitted to provide interest payments to holders.
The competing industry lobbying groups seem to have found common ground. Nevertheless, the legislative process remains far from complete. Committee members retain the ability to propose controversial amendments, cast votes against advancing the bill to the full Senate floor, or fail to establish the necessary quorum for proceedings.
As the scheduled vote approaches on May 14, here's an examination of which Senate Banking Committee members are supporting the legislation.
Supporters
Tim Scott (R-SC)
Serving as the Senate Banking Committee's Chairman, Senator Scott has spearheaded the committee's efforts on CLARITY, publicly expressing his ambition to establish the US as "the crypto capital of the world."
His pro-cryptocurrency record also includes cosponsoring the GENIUS Act focused on stablecoin regulation, and casting a supporting vote for SAB 121, a resolution that introduced crypto-friendly modifications to US banking standards.
The cryptocurrency exchange Coinbase's policy monitoring platform Stand With Crypto awarded Scott an A rating.
Mike Crapo (R-ID)
Senator Crapo backed the GENIUS Act, along with both SAB 121 and SJ Resolution 3. The final measure represented a Senate Resolution expressing disapproval of the Internal Revenue Service (IRS) mandate requiring DeFi services to gather user information.
Despite his voting record favoring the cryptocurrency sector, Crapo's public statements have emphasized the importance of developing regulations that incorporate investor safeguards. In a statement from February 2018, he remarked, "Technology is forward-looking, and we look to our regulators to continue carrying out their mandates, including investor protection, as the markets evolve."
Stand With Crypto assigned Crapo an A rating.
Mike Rounds (R-SD)
Consistent with numerous Republican committee members, Senator Rounds cast affirmative votes for GENIUS, SAB 121, and SJ Resolution 3.
During the wave of pro-cryptocurrency sentiment following US President Donald Trump's assumption of office, Rounds delivered sharp criticism of former President Joe Biden's administration regarding its cryptocurrency policies.
While banking and cryptocurrency lobbying groups negotiated over CLARITY's provisions, Rounds advocated for transparent negotiations, asserting that the public deserves visibility into the process. Notably, Rounds has personally violated federal transparency laws through his failure to properly disclose stock transactions.
Stand With Crypto gave Rounds an A rating.
Thom Tillis (R-NC)
Tillis cast affirmative votes on GENIUS, SAB 121 and SJ Resolution 3. His support extended to the Equal Opportunity for all Investors Act which, had it been enacted, would have broadened the criteria for qualified investor status under US securities regulations.
He expressed support for the Trump administration's policy allowing 401(k) retirement accounts to include cryptocurrency investments.
Regarding CLARITY's current formulation, which bans stablecoin rewards resembling deposit interest at banks while permitting alternative reward structures, Tillis stated it "helps put us on a bipartisan path to pass the CLARITY Act."
Stand With Crypto awarded Tillis an A rating.
John Neely Kennedy (R-LA)
Kennedy has cast his vote in favor of cryptocurrency-friendly Senate regulations including GENIUS, SAB 121 and SJ Resolution 3.
During floor remarks delivered in the US Senate in October 2025, Kennedy characterized the market structure legislation as "one of the most important pieces of legislation that this body will consider."
Stand With Crypto assigned Kennedy an A rating.
Bill Hagerty (R-TN)
Hagerty has repeatedly articulated that CLARITY represents essential legislation for enhancing American market competitiveness. "In the race to lead in digital assets, America's markets are our competitive edge," he declared in April.
Stand With Crypto gave Hagerty an A rating.
Cynthia Lummis (R-WY)
This legislation would recognize that blockchain developers and infrastructure operators lack control over users' digital assets, consequently exempting them from classification as money transmitters under federal statutes. The bill has been sent to the banking committee for consideration.
Prior to the markup sessions, she commented, "After nearly a year of bipartisan work, this markup brings us one step closer to cementing America's place as the global leader in financial innovation."
Stand With Crypto awarded Lummis an A rating.
Katie Britt (R-AL)
Senator Britt has cast supporting votes for multiple cryptocurrency-favorable bills, including SAB 121, GENIUS and SJ Resolution 3.
Mirroring many committee colleagues, Britt has framed cryptocurrency regulation as a matter of international competitiveness. In a 2021 X post, she wrote, "Supporting #Bitcoin means supporting personal freedom, American competitiveness and national security."
Stand With Crypto gave Britt an A rating.
Pete Ricketts (R-NE)
Senator Ricketts has voted in favor of the GENIUS Act, SJ Resolution 3 along with SAB 121. Discussing cryptocurrency market regulation, he stated the objective was "making sure the digital asset market is both innovative and predictable."
Stand With Crypto assigned Ricketts an A rating.
Jim Banks (R-IN)
In an X post from June 2024, Banks declared that Trump "is the best choice for Bitcoin," indicating a wider alignment between his cryptocurrency positions and the MAGA political movement.
Stand With Crypto awarded Banks an A rating.
Kevin Cramer (R-ND)
Senator Cramer supported GENIUS, SJ Resolution 3 and the prior SAB 121 resolution, establishing a reliably pro-cryptocurrency legislative record.
He has been an outspoken advocate for the CLARITY Act, emphasizing the importance of maintaining America's industry leadership. During a March 2026 Fox Business interview, he contended that the US "cannot allow digital assets and digital industry to go overseas."
Stand With Crypto gave Cramer an A rating.
Bernie Moreno (R-OH)
During his campaign, he consistently criticized his predecessor, Democrat Sherrod Brown, labeling him an "extremist" regarding cryptocurrency regulation, and once proclaimed that "our Founding Fathers would have been bitcoiners."
Following his Senate arrival, Moreno has taken a position on the Digital Assets Subcommittee and has been identified by industry observers as a probable early CLARITY Act supporter.
Stand With Crypto assigned Moreno an A rating.
David H. McCormick (R-PA)
Senator McCormick, previously serving as CEO of Bridgewater Associates, has supported GENIUS and SJ Resolution 3, and has made personal investments exceeding $1 million in a spot Bitcoin ETF since assuming office.
In an op-ed published in 2024, McCormick argued that blockchain and cryptocurrency "offer America the chance to lead another generation of critical innovation" and cautioned that absent regulatory clarity, the sector would flourish and expand elsewhere. He currently holds a seat on the Senate Banking Committee's Digital Assets Subcommittee.
Stand With Crypto gave McCormick an A rating.
Angela Alsobrooks (D-MD)
Senator Alsobrooks supported GENIUS throughout all voting stages and has backed SJ Resolution 3.
On the CLARITY Act, she engaged in co-negotiation with Tillis regarding the stablecoin rewards question, reaching agreement on language that prohibits passive interest-like stablecoin payments while maintaining other reward structures.
Her spokesperson has indicated that bipartisan ethics provisions represent a necessary condition for her ultimate support. Industry observers categorize her position as "constructive/pro-framework."
Stand With Crypto awarded Alsobrooks an A rating.
Ruben Gallego (D-AZ)
Senator Gallego holds the position of Ranking Member on the Senate Banking Committee's Digital Assets Subcommittee. He supported GENIUS during both cloture votes and on final passage, and voted for SJ Resolution 3 as well as the earlier FIT21 and SAB 121 measures while serving in the House.
Galaxy Digital categorizes his CLARITY stance as "constructive/pro-framework." That said, Gallego has also joined fellow senators in urging the DOJ and Treasury to examine Binance regarding purported Iran-linked financial flows.
Stand With Crypto gave Gallego an A rating.
Opponents
Elizabeth Warren (D-MA)
Senator Warren stands as the Senate's most vocal and active cryptocurrency critic, and has leveraged her position as Banking Committee Ranking Member to spearhead Democratic resistance to significant cryptocurrency legislation.
She cast negative votes against both cloture motions on GENIUS and opposed its final passage.