CLARITY Act Markup Today LIVE Updates: Tim Scott Reveals 3-Point Plan to Keep Crypto in America

Senator Elizabeth Warren voiced strong opposition during the Senate Banking Committee markup, stating the bill is not ready to move forward.

Senator Cynthia Lummis warned that without the CLARITY Act, the digital asset industry will relocate to more crypto-friendly nations, handing America’s competitors a growing advantage with every day of inaction.

Bitcoin is holding steady at key support levels, with traders eyeing a potential push above $82K if positive news emerges from the CLARITY Act markup session.

enator Elizabeth Warren used the markup session to slam crypto mixer Tornado Cash, arguing its only purpose is to conceal money flows — calling out terrorists, money launderers, Iran, and sanctioned entities as its primary beneficiaries.

GSR’s top legal officer warns the bill has less than even odds of reaching the president’s desk this session, citing fights over yield-bearing assets and ethics concerns tied to the president’s family as key obstacles.

Senator Tim Scott has officially kicked off the historic markup of the CLARITY Act, telling the committee the bill will give Americans confidence in the financial system and ensure the future of finance is built in America. Scott: “This Bill Works For Americans, Not Against Them” The Senate Banking Committee chairman pledges the CLARITY Act will restore public confidence in the financial system.