Svmuureports that the review of the "Crypto Market Structure Bill" (i.e., the CLARITY Act) has commenced in the US Senate Committee on Banking, Housing, and Urban Affairs, with multiple amendments proposed by Elizabeth Warren being rejected. Among them, an amendment seeking to remove Sections 401-403 of the bill and restrict banks' participation in digital asset businesses failed to pass, with 11 votes in favor and 13 against.
Another more controversial amendment required federal banking regulators to disclose banking supervisory information related to Epstein. In her remarks, Warren stated that Epstein was an early supporter of Coinbase and suggested that cryptocurrencies could be used to conceal illegal payment activities. The amendment aimed to reveal whether banking regulators and related banks were already aware of Epstein's conduct. Ultimately, this amendment was also rejected, with 11 votes in favor and 13 against.