CLARITY Bill Hearing Live: U.S. Senate Rejects Warren Amendment to Disclose Epstein Records, Multiple Amendments Move Forward

Odaily Odaily reports that the deliberation of the "Clarity in Financial Market Structure Act" (the CLARITY Act) has commenced in the U.S. Senate Banking Committee, with several amendments proposed by Elizabeth Warren being rejected. Among them, an amendment aimed at removing Sections 401 to 403 of the bill, which would restrict banks' participation in the digital asset business, failed to pass with 11 votes in favor and 13 against.

Another more controversial amendment required federal banking regulators to disclose bank supervisory information related to Epstein. In her remarks, Warren claimed that Epstein was an early supporter of Coinbase and suggested that cryptocurrencies could be used to conceal illegal payment activities. The amendment intended to reveal whether bank 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.