US Senate · Elizabeth Warren · Republicans · CLARITY Act · U.S. · Democrats · Bitcoin Magazine
Senate Banking Committee Opens Historic Crypto Bill Markup as Warren, Republicans Clash Over CLARITY Act Amendments
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The Senate Banking Committee opened a high-stakes markup for crypto on the Digital Asset Market Clarity Act.
Key facts
- Mike Rounds’ (R-SD) proposal to create an AI regulatory sandbox for financial firms passed 15-9, with Democratic Sens
- Dave McCormick (R-PA) directing the SEC and CFTC to revisit portfolio margin rules passed 18-6 with broad bipartisan support
- I served 14 years in the Wyoming Legislature, eight years as State Treasurer, and now 14 years in the Congress,” she said
- The Senate Banking Committee opened a historic markup Thursday morning on H.R. 3633, the Digital Asset Market Clarity Act of 2025, moving the most sweeping attempt at federal cryptocurrency
Summary
The Senate Banking Committee opened a historic markup Thursday morning on H.R. 3633, the Digital Asset Market Clarity Act of 2025, moving the most sweeping attempt at federal cryptocurrency regulation in American history toward a committee vote. The session, defined by sharp partisan exchanges, procedural disputes, and targeted Republican courtship of crossover Democrats, unfolded against a hard deadline: if the bill does not clear the committee before the Memorial Day recess, the entire legislative calendar resets. Chairman Tim Scott (R-SC) opened by casting the bill as a correction to years of regulatory failure. “For years, the digital frontier was trapped in a regulatory gray zone,” he said.