The Senate Banking Committee has advanced the CLARITY Act, a significant digital asset market structure bill, with a 15-9 vote despite strong opposition from Senator Elizabeth Warren. During the May 14 hearing, Warren criticized the 309-page bill as an economic threat, arguing it undermines investor protections established since 1929. Her 44 proposed amendments were rejected. The CLARITY Act aims to delineate regulatory responsibilities between the SEC and CFTC for digital assets. While Warren claims it allows companies to bypass SEC oversight, supporters argue it requires meeting specific criteria before shifting jurisdiction. A poll indicates 52% of Americans support the bill, which now requires 60 Senate votes to pass. The market responded positively, with digital asset funds seeing $857.9 million in net inflows, reflecting investor confidence in regulatory clarity.