According to an X post by Bitcoin News, the Clarity Act has been officially submitted by the Senate Banking Committee and placed on the Senate's legislative calendar. The committee voted to advance the bill on May 14, and as of June 1, all related processes at the committee level have been completed. The bill is now ready to be scheduled for full Senate deliberation, with the next major procedure being a floor vote.
The U.S. legislative process typically involves several stages: bill introduction, committee hearings and markups, floor debate and vote, reconciliation between the House and Senate, and presidential signature. The Clarity Act has now cleared the committee phase—having gone through submission, hearings, and revisions—and passed the Banking Committee by a vote of 15 to 9 before being entered into the Senate calendar.
Going forward, the bill will face full Senate debate, possible amendments, and a final floor vote. If passed, it would then need to be reconciled with the House of Representatives and signed by the president to become law. Placement on the legislative calendar marks a significant advancement, and the Senate vote is expected to be scheduled in the near term.