Coinbase (COIN) climbed approximately 5.06% today after the US Clarity Act received approval. Discover what Coinbase does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

JPMorgan Chase filed an application with the U.S. Securities and Exchange Commission on May 15, 2026 for a blockchain-based money market fund that would also target stablecoin issuers. The filing says the product would rely on Kinexys Digital Assets' permissioned blockchain framework to let investors send transaction instructions for fund shares. It also notes fund shares are expected to be held by one or more stablecoin issuers as reserve assets backing their stablecoins.

On May 15, 2026, Corpay said it will add embedded stablecoin wallets and blockchain-based settlement tools to its global payments platform through a partnership with BVNK. The rollout is designed to let more than 800,000 customers store, convert and transfer stablecoins alongside fiat, while extending stablecoin settlement into Corpay’s treasury operations. Corpay also reported processing over $12 billion in corporate payments each month and about $26 billion in FX volume across more than 145 currencies.

On May 14, 2026, the U.S. Senate Banking Committee voted 15-9 to advance the Senate version of the CLARITY Act, sending the crypto market-structure bill toward a full Senate vote. The proposal would split oversight of digital assets between the SEC and CFTC and set federal rules for trading platforms, DeFi projects, and token issuers. More than 100 amendments were filed ahead of the vote, and a failed 13-11 ethics amendment highlighted ongoing disputes that could resurface on the Senate floor.

Bank of England Deputy Governor Sarah Breeden said the UK central bank is reassessing proposed limits on sterling stablecoin holdings and may have been "overly conservative". The plans previously included a 20,000-pound cap for individuals and a 10 million-pound cap for businesses, alongside a rule requiring 40% of backing assets to be deposited at the BoE. Breeden also said the BoE does not need to raise rates in June or July 2026, even as markets price in two or three hikes that year.

The CLARITY Act moved forward after the Senate Banking Committee approved it by a 15-9 bipartisan vote. Two Democrats—Senators Ruben Gallego and Angela Alsobrooks—joined Republicans in support, sending the bill to the full Senate for consideration. Industry figures and regulators signaled optimism as debate continues over DeFi, tokenization, and market oversight.

The Senate Banking Committee moved the CLARITY Act forward during a markup session on 14 May, approving an amended version of the bill by a 15–9 vote. Lawmakers debated proposed changes touching ethics standards, DeFi-related oversight, and anti-money laundering language, with several ethics-focused amendments failing. The measure is not yet approved by the full Senate and must still clear additional procedural steps before it can become law.

The Senate Banking Committee voted 15-9 on Thursday to advance the Clarity Act, a broad bill aimed at setting a federal regulatory framework for the crypto industry. The measure still must pass the full Senate and the House before it could reach President Donald Trump, as banks, labor unions and law-enforcement groups argue parts of the proposal could raise consumer and financial-stability risks.