U.S. senators lament failure to win bipartisan support, yet, on crypto Clarity Act
Key takeaways
- Published May 14, 2026, 3:57 p.m. 3 min read Make preferred on Senator Elizabeth Warren, the Senate Banking Committee's top Democrat, remains a staunch critic of the Clarity Act.
- Republican senators may be the only supporters at this moment, but the eventual aim is to finish with a bipartisan version that can pass the overall Senate with sufficient Democratic support.
- Members of the committee began their session with a nod to difficult, bipartisan talks that have seemingly still led to an impasse Thursday on the latest version of the legislation.
Published May 14, 2026, 3:57 p.m. 3 min read Make preferred on Senator Elizabeth Warren, the Senate Banking Committee's top Democrat, remains a staunch critic of the Clarity Act. (Andrew Harnik/Getty Images)What to know: The U.S. Senate Banking Committee hearing to advance the crypto Clarity Act got off to a partisan start, with the two major parties not yet landing on common ground to get behind the market structure effort. Republican Senator Cynthia Lummis, one of the key negotiators, suggested that the parties have only about 1% of the bill remaining to work out in order to get to bipartisan support. As U.S. senators launched the long-awaited hearing called to advance the crypto market structure legislation, they granted that there was still a rift between Republicans and Democrats on the latest version of the Digital Asset Market Clarity Act.
The Thursday hearing of the Senate Banking Committee, known as a "markup" hearing to weigh dozens of amendments to revise and overhaul the bill's language, represents a key moment in the process to move this policy effort past a longtime roadblock. Republican senators may be the only supporters at this moment, but the eventual aim is to finish with a bipartisan version that can pass the overall Senate with sufficient Democratic support.
Members of the committee began their session with a nod to difficult, bipartisan talks that have seemingly still led to an impasse Thursday on the latest version of the legislation.