Clarity Act 5/14 committee vote: Warren 40+ amendments, including Trump provisions

The U.S. Senate Banking Committee will hold a markup (article-by-article review) of the cryptocurrency market structure bill, the Clarity Act, on May 14, according to a report by Decrypt. Lawmakers have filed “dozens, even over a hundred” amendments, covering topics including DeFi regulation, crypto businesses of the Trump family, disclosures of Jeffrey Epstein bank records, and caps on credit card interest rates. Democratic Sen. Elizabeth Warren alone introduced more than 40 amendments; many of them have nothing to do with crypto and are seen as a deliberate delaying tactic.

Article-by-article vote: vote on each amendment separately, then decide whether to submit it to the full chamber

The Banking Committee will vote on each amendment separately, and only then will it decide whether to advance the entire bill to the full Senate for consideration. This process means that the more amendments there are, the longer the voting will take, and even if the bill ultimately passes, it is expected to be substantially modified.

Key amendments cluster into four main categories:

Stablecoins and yield mechanisms: Sen. Jack Reed (D, Rhode Island) proposes adjusting the regulatory language governing banks’ stablecoin yield

DeFi regulations: strengthen anti-money laundering and sanctions compliance requirements

Presidential family ethics: multiple provisions aimed at crypto businesses of sitting officials and their families

Non-crypto issues: housing policy, credit card fees, Epstein records disclosures

Warren alone proposes 40+ amendments: deliberate delays or substantive issues

Warren’s proposed amendments include banning bank applications by members of the President’s family, requiring platforms to put people involved in illegal transactions on a blacklist, capping credit card interest rates at 10%, and disclosing Epstein-related bank records within 90 days. Many of these items are not core to crypto and are viewed by the Republican camp as delaying tactics.

Democratic Sen. Andy Kim of New Jersey has also proposed establishing a “National Cryptocurrency Enforcement Team” dedicated to investigating the crypto-related interests of a sitting President. Jack Reed of Rhode Island, meanwhile, has proposed removing the DeFi exemption under the “Blockchain Regulatory Certainty Act”; if passed, it would place many DeFi developers under stricter compliance responsibilities.

Progressive Democrats vow to block full-chamber votes

Digital progressive Democratic senators said they would block the bill from advancing in the full chamber unless talks first take place over the language related to the President’s crypto interests. This position implies that even if the bill passes at the committee level, the subsequent full-chamber timeline may not go smoothly.

For the crypto industry, the Clarity Act is the most important market-structure legislation of the past two years, defining how the SEC and CFTC regulate different crypto assets. Whether the bill can pass in 2026 will directly affect the long-term compliance plans of exchanges, custody providers, and issuers for the U.S. market.

Chain News Observations: The May 14 markup is not the end of the bill—it’s the start of entering a “high-density amendment battleground.” Judging from the amendment package, the core structure of the bill led by Republicans may remain in place, but around the “presidential family provisions,” Democrats will continue to use them to extract concessions on other terms. For the market, the real signal worth tracking is not whether the committee passes it, but how the amendment language ultimately converges—especially on the three main pillars: stablecoin yields, DeFi developer responsibilities, and the SEC/CFTC split.

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