The U.S. Senate Agriculture Committee has advanced the CLARITY Act, granting the Commodity Futures Trading Commission (CFTC) regulatory authority over digital commodities. Passed by a narrow 12–11 vote on January 29, 2026, this move aims to enhance oversight in the cryptocurrency market, potentially impacting market dynamics and regulatory compliance. The legislation, led by Senate Agriculture Committee Chairman John Boozman, seeks to clarify the regulatory framework for digital assets, with potential benefits for market stability and investor protection. The Act's progression reflects bipartisan support for clearer regulations in the digital asset sector, setting a precedent for future legislative efforts.