PANews reported on May 14 that the U.S. Senate Banking Committee is currently holding a key review meeting on the Digital Asset Market Clarity Act (Clarity Act). The committee will discuss and vote on dozens of amendments and decide whether to advance the bill to the full Senate. The bill aims to clarify the regulatory authority of the SEC and CFTC over digital assets and establish a regulatory framework for the crypto market structure.

During the meeting, Senator Cynthia Lummis stated that the Clarity Act was "one of the most difficult pieces of legislation I've ever been involved in," noting that the bill involved long-term bipartisan negotiations and addressed issues such as stablecoin yields, anti-money laundering, and enforcement authority. Elizabeth Warren, however, stated that the bill was "not ready" and criticized its shortcomings in anti-money laundering and sanctions enforcement.

In addition, the committee passed an amendment to the AI ​​regulatory sandbox by a vote of 15 to 9, while Warren's proposed amendment to sanction mixers such as Tornado Cash failed to pass by a vote of 11 to 13.

In the market, Bitcoin briefly broke through $81,000 during the conference, and the S&P 500 index also hit a record high.