Summary
- The US Senate Banking Committee has received more than 100 amendments ahead of the markup of the CLARITY Act, a digital-asset market structure bill.
- Senator Elizabeth Warren submitted more than 40 amendments, including a measure that would prevent the Fed from providing master accounts to crypto companies.
- Senator Jack Reed submitted an amendment that would ban the use of digital assets as legal tender and restrict their use for tax payments, while the Senate Banking Committee is set to begin the markup process on May 14.
Forecast Trend Report by Period
The US Senate Banking Committee has received more than 100 amendments to the CLARITY Act, a digital-asset market structure bill, ahead of its markup process.
Ublockchain, citing a Politico report published on May 12, said lawmakers on the Senate Banking Committee had submitted more than 100 amendments related to the CLARITY Act.
Eleanor Terrett, host of Crypto in America, said Democratic Senator Elizabeth Warren alone submitted more than 40 amendments that day. They reportedly include a provision that would bar the Federal Reserve from providing master accounts to crypto companies.
Democratic Senator Jack Reed also submitted an amendment that would explicitly ban the use of digital assets as legal tender. It also includes restrictions on using crypto to pay taxes.
The Senate Banking Committee is scheduled to hold its markup on the CLARITY Act on May 14.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
