U.S. Senate Panel Rejects Warren’s Amendments on Epstein and Crypto Banking

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The U.S. Senate Banking Committee rejected amendments to the CLARITY Act, including one proposed by Elizabeth Warren aimed at lifting restrictions on banks’ involvement in digital assets. A separate amendment seeking disclosure of banking connections to Jeffrey Epstein also failed. The outcome leaves liquidity and crypto markets subject to existing regulatory limits. Risk-on assets experienced minimal movement, as the vote failed to influence market sentiment.

Odaily Planet Daily report: The审议 of the Crypto Market Structure Act (also known as the CLARITY Act) has begun in the U.S. Senate Banking Committee, and several amendments proposed by Elizabeth Warren were rejected. Among them, an amendment aimed at deleting Sections 401 to 403 of the bill, which would restrict banks from participating in digital asset businesses, failed to pass with 11 votes in favor and 13 against.

Another more controversial amendment required federal banking regulators to disclose banking supervision information related to Epstein. In her remarks, Warren stated that Epstein had been an early supporter of Coinbase and argued that cryptocurrency could be used to conceal illegal payments; the amendment aimed to reveal whether banking regulators and associated banks were already aware of Epstein’s activities. Ultimately, this amendment was also defeated by a vote of 11 in favor and 13 against.

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