According to the National Cryptocurrency Association, 67 million people in the U.S. now invest in cryptocurrency. The organization believes this growing number shows why Congress needs to pass clear rules for the industry this year.
On May 20th, action was taken after the Senate Banking Committee voted 15-9 on May 14th to move the Digital Asset Market Clarity Act of 2025 forward. This puts the bill one step closer to a vote by the full Senate.
Adoption Hits One in Four US Adults
A recent report by the NCA, based on a survey of 10,000 US cryptocurrency holders conducted by The Harris Poll, found that about 12 million people in the US have started owning crypto. This brings the total number of US adults who own cryptocurrency to approximately one in four.
California has the most drivers with 9.5 million licenses. Texas is second with 5.94 million, followed by Florida with 4.71 million and New York with 4.66 million.
The NCA’s interactive map shows substantial numbers in every state and congressional district.
CLARITY Act Nears Senate Floor Vote
The new bill divides responsibility between two government agencies. The Commodity Futures Trading Commission will oversee digital commodities, while the Securities and Exchange Commission will continue to regulate tokens that function like traditional securities.
The House passed an earlier version 294-134 in July 2025.
Last week, Senators Ruben Gallego from Arizona and Angela Alsobrooks from Maryland switched their party affiliation.
The Clarity Act passed out of committee with a vote of 15 to 9. Senators Gallego and Alsobrooks joined Republicans in a bipartisan effort to move the bill forward.
— Alex Thorn (@intangiblecoins) May 14, 2026
All the Republicans on the committee voted in favor, resulting in a vote showing support from both parties. Now, the bill requires 60 votes in the full Senate to overcome a potential filibuster.
The Clarity Act aims to safeguard regular Americans involved in the rapidly growing crypto market, which is worth trillions of dollars. With 67 million Americans already investing in crypto, Ripple’s Chief Legal Officer, Stuart Alderoty, argues the time for clear regulations is now.
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A Voter Bloc Forms Ahead of 2026 Midterms
Leading states for both Democrats and Republicans are remarkably similar. Texas and Florida, along with California and New York, consistently rank highest in terms of support.
This funding allows the group to target key congressional districts in the 2026 elections. President Trump’s decision to hold Bitcoin has already gained support from a specific voter base.
The White House is expected to soon announce the creation of a Strategic Bitcoin Reserve. According to an Executive Director, the announcement represents a major step forward, ensuring everything is legally compliant and the assets are securely protected.
— Bitcoin Magazine (@BitcoinMagazine) May 18, 2026
Whether the floor vote tracks the committee’s bipartisan trajectory will test the data.
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2026-05-20 19:16