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US Senate Banking Committee Votes to Advance Crypto Market Structure Bill

Warren criticized the bill and advanced several amendments, most of which failed along party lines.

US Senate Banking Committee Votes to Advance Crypto Market Structure Bill
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This article1 analysis · Oct 6, 2026
May 14, 2026
tl;dr

The Senate Banking Committee advanced the Digital Asset Market Clarity Act, with all Republicans and two Democrats voting in favor. The markup also exposed partisan disagreements over crypto regulation, ethics provisions and amendments.

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Elizabeth Warren D · MA · SEN
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Elizabeth Warren
D · MA · SEN

Senate Banking Committee ranking member and critic of the CLARITY Act

PRIMARY SUBJECT
Tim Scott
R · SC · SEN

Senate Banking Committee chair and supporter of the CLARITY Act

Scott's version of this story ↗
Bernie Moreno
R · OH · SEN

Senator who defended the president against Van Hollen's criticism

Jack Reed
D · RI · SEN

Senator who criticized the markup process and proposed amendments

Raphael G. Warnock
D · GA · SEN

Senator who withdrew an amendment and objected to the bill without carveouts

Donald Trump
R · President of the United States

President whose potential crypto-industry conflicts were raised during the markup

Senator who proposed a law-enforcement amendment

Angela D. Alsobrooks
D · MD · SEN

Senator who voted to advance the bill

Chris Van Hollen
D · MD · SEN

Senator who proposed an amendment addressing potential presidential conflicts of interest

Cynthia M. Lummis
R · WY · SEN

Republican advocate for the CLARITY Act

Tina Smith
D · MN · SEN

Senator who proposed an amendment against federal bailouts of crypto companies

Ruben Gallego
D · AZ · SEN

Senator who voted to advance the bill

Part of a bigger story

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Senate Banking Committee Advances Digital Asset Market Clarity Act

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