Over 100 Amendments, Fierce Lobbying Put CLARITY Act's Key Provisions in Doubt Before Thursday Markup

The Senate Banking Committee is preparing to mark up the CLARITY Act this week amid a flurry of proposed changes: more than 100 amendment requests have been filed as lawmakers and stakeholders press to rewrite key portions of the bill, a development described as remaking significant elements of the package and casting doubt on its prospects ahead of the vote ^{[1] [2] [3]}.

Contested provisions include rules on stablecoin yields, legal-tender language and new ethics requirements; industry lobbying has also intensified, with U.S. banks reportedly sending thousands of letters opposing the stablecoin yield provision and individual senators, including Elizabeth Warren, submitting dozens of targeted amendments such as limits on Federal Reserve access for crypto firms ^{[2] [3] [1]}.

With the committee markup scheduled for Thursday, the large volume of amendments and concentrated lobbying leave the bill’s near-term trajectory uncertain as senators decide which changes to accept or reject ^{[4] [1]}.