Senate Banking Committee Advances Digital Asset Clarity Act With Over 130 Amendments Ahead of Markup

The Senate Banking Committee markup for the Clarity Act, also known as the Digital Asset Market Clarity Act, is scheduled to start on Thursday after the bill passed the House of Representatives in 2025. Members of the Senate Banking Committee filed over 130 proposed amendments ahead of the markup, according to a copy reviewed by Fortune. Sen.

Elizabeth Warren filed 44 proposed amendments on her own. Sens. Thom Tillis and Angela Alsobrooks reached a deal on stablecoin yield following an earlier setback. The Clarity Act nearly reached a Senate Banking markup earlier in 2026 before Coinbase pulled its support over a proposed ban on stablecoin rewards.

Bank lobbying groups say the Tillis-Alsobrooks yield compromise is too friendly to stablecoin companies. Members of the American Bankers Association sent more than 8,000 letters to Senate offices criticizing the yield compromise.

U.S. Regulatory framework for the crypto industry. , a Senate aide told Fortune. Democrats are expected to focus on ethical concerns related to President Trump’s crypto entanglements, a different Senate aide said.

Republicans and Democrats met multiple times this week to address adding ethics provisions into the Clarity Act. Democrats are pushing for ethics guardrails related to the Trump family’s crypto involvement. There are growing concerns amongst Democrats that if ethics is not included in the bill that is marked up in the Banking Committee, it will not be included at all, a Senate staffer said.

Democrats are focused on addressing the Trump family’s profiting off of crypto in market structure legislation, the staffer added. Sen. John Kennedy told Semafor that he plans to support the Clarity Act.

Steve Yelderman, general counsel of Etherealize, said the bill retains strong momentum. “I think it’s going to pass, based on all the great progress that has been made on both sides of Congress, and the support this bill is getting from the White House,” Steve Yelderman said. ” Traders on Polymarket give the Clarity Act a 60% chance of passing this year.

Fortune reported the details of the amendments, the lobbying push and the competing priorities ahead of Thursday’s session.