Donald Trump · CLARITY Act · US Senate · Democrats · CoinDesk
Lawmakers have pushed forward a range of proposed changes for the market structure bill as it approaches the hearing known
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The list is particularly dominated by a few lawmakers' names, including Democratic Senators Elizabeth Warren and Jack Reed.
Key facts
- The list is particularly dominated by a few lawmakers' names, including Democratic Senators Elizabeth Warren and Jack Reed
- Clarity's advocates need to secure several Democratic supporters for the bill if it's going to clear the 60-vote hurdle that's standard in the Senate
- In a Wednesday posting on social media site X, Coinbase CEO Brian Armstrong called the bill "strong" and said it "will benefit the American people by making the US financial system faster, cheaper
- This week's U.S. Senate Banking Committee hearing to consider edits to the Digital Asset Market Clarity Act has dozens of amendments to weigh, though it's likely that almost all of them won't survive
Summary
The crypto market structure bill's hearing in the Senate Banking Committee this week will consider a long list of amendments, virtually all of which won't have a chance of incorporation into the Clarity Act that's expected to advance with the committee's approval. The proposals, many of them from Democrats who have been critical of the bill, seek to erase or revise significant portions of the legislation that's been negotiated by lawmakers from both parties. Even a reference to Jeffrey Epstein made the list among dozens of amendments. This week's U.S. Senate Banking Committee hearing to consider edits to the Digital Asset Market Clarity Act has dozens of amendments to weigh, though it's likely that almost all of them won't survive the process of Thursday's event.