Clarity Act amendments would remake key parts of crypto bill but have doubtful future
Dozens of amendments targeting the U.S. crypto market structure bill are being proposed ahead of a Senate hearing, though most are unlikely to be adopted.Summary
As the U.S. Senate Banking Committee prepares to consider the Digital Asset Market Clarity Act, dozens of amendments have been introduced to alter the legislation. These proposals, largely from Democrats critical of the bill, aim to erase or revise significant sections, including requests to ban government officials from affiliating with crypto businesses and to establish safe harbors for software developers. While the committee will vote on each amendment, the Republican majority is expected to advance the bill with minimal overhauls. Advocates, including Coinbase CEO Brian Armstrong, view the bill as a step toward a faster and more accessible financial system, though Democrats have signaled that a conflict-of-interest provision is a prerequisite for approval.
(Source：CoinDesk)