'Pro Law Enforcement Bill' Clarity Passed Out of Committee
The U.S. Senate Banking Committee has passed the Digital Asset Market Clarity Act, which is now set for a full Senate vote. The bill has faced criticism for expanding surveillance powers over digital assets, while some argue it does not go far enough in addressing illicit activities. Senators have expressed differing views on the bill's effectiveness in regulating cryptocurrency and ensuring financial privacy.
- ▪The Senate Banking Committee passed the Digital Asset Market Clarity Act with a vote of 15-9.
- ▪Senator Cynthia Lummis defended the bill's law enforcement provisions, emphasizing its focus on the Bank Secrecy Act.
- ▪Senator Elizabeth Warren criticized the bill for not going far enough to address money laundering concerns related to Tornado Cash.
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Policy 'Pro Law Enforcement Bill' Clarity Passed Out of Committee Feelings are mixed as U.S. Senate Banking Committee passes landmark cryptocurrency regulation while tension over core components remain. by Pedro Solimano L0la L33tz Updated May 15, 2026 Link copied! Copy failed! The Senate Banking Committee passed its part of the Digital Asset Market Clarity Act 15-9 out of committee after more than two hours of deliberations on Thursday, positioning the bill for a full Senate vote after the text is merged with the Senate Agriculture Committee’s draft on the Commodity Futures Trading Commission’s authority.
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