CLARITY Bill Hearing Live: US Senate Rejects Warren's Amendment to Disclose Epstein-Related Records, Multiple Amendments Move Forward

Odaily News The review of the "Cryptocurrency Market Structure Bill" (i.e., the CLARITY Bill) has commenced in the US Senate Banking Committee, with several amendments proposed by Elizabeth Warren being rejected. Among them, an amendment aimed at deleting Sections 401 to 403 of the bill to restrict banks' participation in digital asset businesses failed to pass, with 11 votes in favor and 13 votes against.

Another more controversial amendment required federal banking regulators to disclose bank supervisory information related to Epstein. In her remarks, Warren stated that Epstein was an early supporter of Coinbase and argued that cryptocurrencies could be used to conceal illegal payment activities. The amendment aimed to reveal whether banking regulators and relevant banks were already aware of Epstein's conduct. Ultimately, this amendment was also rejected, with 11 votes in favor and 13 votes against.