The CLARITY Act, a major piece of crypto legislation, is facing a storm of proposed changes. Senate Banking Committee members have filed more than 100 amendments ahead of Thursday's markup vote, according to reports.
Senator Elizabeth Warren alone has submitted over 40 proposals, signaling deep divisions over the bill. The activity follows the release of a 309-page draft on Tuesday, a significant expansion from January's 278-page version.
The flood of amendments suggests contentious debate lies ahead. The bill's expanded draft indicates substantial revisions have already occurred behind the scenes, potentially addressing concerns from various stakeholders.
What remains unclear is which amendments will survive the markup process. The outcome could shape the final text significantly, particularly around consumer protections and regulatory oversight, which Warren's proposals are expected to target.
Observers will watch Thursday's proceedings closely for signs of bipartisan compromise or further entrenchment. The final bill's scope may hinge on how the committee handles this dense amendment slate.