Senate panel advances key crypto bill with bipartisan support

A cryptocurrency regulation bill advanced out of the Senate Banking Committee on Thursday, clearing a key hurdle with the support of a pair of Democrats following a last-minute bipartisan push.

The Senate panel voted 15-9 to send the Clarity Act to the floor, with Sens. Ruben Gallego (D-Ariz.) and Angela Alsobrooks (D-Md.) joining their GOP colleagues to advance the measure.

The vote marked a major step forward for the bill, which has faced a long and winding path through the Senate over the past year. However, the final tally may preview the problems it could face on the floor, where it will need more Democratic support to get across the finish line.

“Through serious, bipartisan negotiations, we have made incredible progress on this bill. We have narrowed the gap on many of the outstanding issues,” Gallego said in a statement following the markup.

“My vote today is so we can continue these efforts. But I want to be clear: my vote here does not guarantee a vote on the floor,” he added.

The markup of the........

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