CLARITY Act clears Senate Banking Committee 15-9 after bruising Warren-led resistance!

The Digital Asset Market Clarity Act survived a chaotic Senate Banking Committee markup on May 14, advancing 15-9 after a day of blocked amendments, procedural clashes, and sharp partisan exchanges. Chairman Tim Scott framed the bill as a modernization of outdated rules to keep crypto innovation on American soil; Ranking Member Elizabeth Warren countered that it was a crypto-industry giveaway while families struggled with rising costs — and cited a reported $1.4 billion in crypto gains by the Trump family since January as a core ethics concern.

Every Democratic amendment — covering DeFi sanctions authority, retirement account restrictions, and even a bizarre Epstein-records provision — fell on an 11-13 party-line vote. The bill's survival hinged on a tactical peel-off: Democrats Ruben Gallego and Angela Alsobrooks crossed the aisle, though Gallego explicitly reserved the right to flip…