CLARITY Act Hit With 100+ Amendments Ahead of Senate Banking Markup

Senate Banking Committee members have reportedly filed more than 100 amendments to the CLARITY Act, with Senator Elizabeth Warren alone submitting over 40 proposals ahead of Thursday’s markup vote.

The flood of filings follows the committee’s release of a 309-page draft on Tuesday, expanded from January’s 278-page version.

Warren Files 40+ Amendments as Senate Preps Crypto Bill Markup 

According to POLITICO, the list features dozens of amendments put forward by Democrats on the Banking Committee, along with a handful of revisions from the bill’s Republican sponsors.

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Crypto In America host Eleanor Terrett reported that one of Senator Warren’s amendments would block the Federal Reserve from granting master accounts to crypto companies.

Senator Jack Reed’s amendment “prohibits crypto from being used as legal tender, for example, to pay taxes.” 

Committee members filed 137 amendments before the planned markup in January. The current tally signals continued resistance as the bill nears a committee vote.

Meanwhile, the American Bankers Association has sent more than 8,000 letters to Senate offices since last Friday, according to a source cited by Terrett. The campaign focuses on the stablecoin yield compromise brokered by Senators Thom Tillis and Angela Alsobrooks.

The Banking Committee will meet on Thursday morning in Washington to vote on the bill.

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