Today the US Senate Banking Committee votes on the CLARITY Act. 309 pages that answer one question the entire crypto industry has been waiting on for years. Are tokenized assets securities or commodities? That classification determines which regulator oversees them, which exchanges can list them, what registration requirements apply, and what legal protections cover every person who holds them. If it clears committee today, the bill moves to a full Senate floor vote before Memorial Day recess. If it stalls, Senator Lummis has already warned the window effectively closes until 2030. Polymarket puts passage odds at 62%. Every institution with capital ready to deploy into tokenized assets is watching this vote in real time. Whatever the Senate decides today, the infrastructure being built right now is what the post-clarity market runs on.