A leaked list shows Senate Banking Committee members have filed more than 100 amendments to a crypto bill, highlighting the issues likely to be debated at a markup on Thursday.
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Homepage > News > Business > Latest (last?) CLARITY draft sparks last-minute stakeholder push Congress released the latest draft of its digital asset market structure legislation, and stakeholders have been frantically scrambling to ensure their voices are heard before Thursday’s markup session. Late Monday night, the Senate Banking Committee released the latest draft of its digital asset market structure bill (CLARITY Act). The 309-page draft will be marked up by the committee on Thursday, May 14, and those wishing to make changes to its text had until 5:00 pm ET on Tuesday to submit proposed amendments. Rest assured, there will be amendments (and possibly blood). The committee’s Republican leaders also issued a CLARITY fact sheet that does the hard-sell on reasons why the bill should be approved by committee members (after which it must be reconciled with the version approve
Senate Minority Leader Chuck Schumer wants “a good crypto bill to pass,” signaling potential bipartisan openness as U.S. lawmakers race to finalize two major digital asset laws in 2026. FROM OPPOSITION TO OPENNESS Schumer’s comment came during what has been a turbulent stretch for U.S. crypto legislation. Earlier in the debate over the GENIUS Act […]
The Senate crypto bill faces over 100 amendments on legal tender, tax payments, Fed master accounts, and market rules. U.S. Crypto Bill Faces Over 100 Amendments Before Key Senate Decision as Senate Banking Committee members prepare for a markup vote on H.R. 3633, the CLARITY Act. The large amendment list shows sharp debate over crypto […]
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Ahead of the Senate Banking Committee’s anticipated markup of the CLARITY Act on Thursday, the bill is facing a fresh wave of opposition—this time from major labor unions. In a letter that warned senators the measure could put retirement security at risk, multiple unions argued the legislation would introduce new instability into retirement plans for […]
More than 100 amendments have been attached to the Senate’s crypto market structure bill ahead of Thursday’s Banking Committee markup. POLITICO reported that most of the proposed changes came from Democratic senators, while Republicans submitted a narrower set of revisions…
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Labor unions have urged senators to oppose the rules-of-the-road crypto bill ahead of Thursday’s vote. The unions say the legislation lacks safeguards and endangers worker pensions through added volatility. This adds another hurdle to passing the crypto market structure bill and may signal continued scrutiny. Major U.S. labor unions, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Service Employees International Union (SEIU), and others, are urging senators to oppose the Digital Asset Market Clarity Act (CLARITY Act) ahead of Thursday’s critical Senate Banking Committee vote. Labor Unions Urge Senate to Block Crypto Bill According to sources, five major U.S. labor unions, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Service Employees International Union (SEIU), American Federatio
Senate Banking Committee Republicans mounted a defense of the CLARITY Act ahead of a scheduled May 14 markup, rejecting claims that the bill would weaken securities law, create loopholes, or ignore illicit finance risks. They argued the legislation would instead assign regulator authority, require disclosures, and add anti-fraud protections across digital asset markets. Republicans Answer […]
The Senate Banking Committee, chaired by Sen. Tim Scott, set an executive session for May 14, 2026, to review the Clarity Act. Clarity Act defines tokens as securities or commodities to clarify regulators’ jurisdiction for U.S. crypto growth. Sens. Tillis (R) and Alsobrooks (D) brokered a deal banning rewards on idle dollar-backed stablecoins but allowing […]
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