Over 100 Amendments Filed to CLARITY Act — Warren Alone Submits 40, Including Fed Master Account Block!

More than 100 amendments have been submitted to the U.S. Senate Banking Committee ahead of its markup vote on the CLARITY Act, the crypto market structure bill, according to Politico. The sheer volume signals a bruising legislative fight before the bill can advance.

Senator Elizabeth Warren leads the opposition charge with over 40 amendments of her own — including one that would bar the Federal Reserve from granting master accounts to crypto companies, a move that would effectively cut digital asset firms off from direct access to the Fed's payment infrastructure.

Senator Jack Reed has proposed an explicit ban on cryptocurrencies as legal tender, including a prohibition on using crypto assets to pay federal taxes. Together, the amendments represent a coordinated effort by crypto-skeptic senators to reshape or stall the bill before it ever reaches a full Senate floor vote.