Foresight News reports that the U.S. Senate Banking Committee's deliberations on the CLARITY Act have lasted approximately two hours, with over 16 amendment votes completed. Regarding passage, the committee passed the chairman's draft bill by voice vote, passed Rounds' AI Finance Sandbox amendment by a vote of 15 to 9, and McCormick's portfolio margin amendment by a vote of 18 to 6. The latest amendment, Lummis Amendment 122, passed by a vote of 18 to 6, clarifying the criteria for defining "nominal decentralization" of DeFi protocols; Democratic senators Warner, Alsobrooks, and others voted in favor.
On the rejected side, all 12 Democratic amendments—five proposed by Warren, two by Reed, two by Van Hollen, and one each by Cortez Masto, Smith, and Kim—were rejected along the party line by a vote of 11 to 13. Four other amendments—those by Britt, Warner, Warnock, and Gallego—were withdrawn before the vote.
Procedural disputes also arose during the deliberations. Scott, citing bipartisan consultation, reinstated the Lummis amendments, which he had previously rejected due to "drafting errors," a move strongly opposed by Warren and Van Hollen. Warren demanded that the Cortez Masto #16, supported by law enforcement agencies, and the Community Bank Deposit Protection Amendment be reinstated on the same basis, a demand Scott refused, citing the need to advance bipartisan consensus.
Regarding their positions on the final vote, Warren and Warnock have clearly stated they will vote against it; Gallego has indicated he will vote in favor during the committee stage, but warned that he might change his vote to against it in the full Senate vote if the ethics clause issues are not resolved; Warner voted in favor in Lummis #122, clearly indicating his support. The final vote is expected to take place within hours.
