The U.S. crypto market structure bill, the Clarity Act, is getting a rewrite push this week. Dozens of amendments have been filed ahead of its Senate hearing. But the amendments face an uncertain path forward.
Last-minute amendments pile up
Supporters and critics of the bill have filed dozens of proposed changes to the text. The amendments aim to tweak or expand the Clarity Act's language on everything from token classifications to exchange oversight. The flurry of filings comes as the Senate prepares to hold a hearing on the legislation, though no exact date has been set.
Why the amendments may not stick
The doubtful future of these amendments isn't a secret on Capitol Hill. Procedural hurdles and a tight calendar make it tough for any single amendment to gain traction. The bill's sponsors have signaled they want a clean version to move forward, and the sheer number of changes could bog things down. One source close to the committee described the odds as “long.”
What happens next
The Senate hearing will be the key test. Lawmakers will grill witnesses and debate the bill's core provisions. Whether any amendments survive into the final text depends on how much consensus emerges in the room. If no agreement forms, the Clarity Act could stall — or move ahead without the changes its critics want.
