US Crypto Bill Faces Major Changes But Unlikely to Pass

A major US law about cryptocurrency (digital money like Bitcoin) is facing dozens of proposed changes this week, but most of them probably won't make it into the final version.

The Digital Asset Market Clarity Act is a bill (proposed law) that would create rules for how cryptocurrencies are bought and sold in America. This Thursday, the Senate Banking Committee will meet to discuss and vote on various amendments (changes) to this bill.

Key lawmakers pushing for changes include: • Senator Elizabeth Warren - known for being critical of crypto • Senator Jack Reed - wants stricter rules on stablecoins (cryptocurrencies tied to regular money like dollars)

Some of the biggest proposed changes would: • Add new government ethics rules • Create "safe harbors" (legal protections) for crypto developers • Remove important protections for DeFi (decentralized finance - financial services without banks) • Further restrict how stablecoins can earn yields (profits)

However, most of these amendments are expected to fail. The committee is mostly made up of Republicans who want to pass the bill without major changes. Each amendment needs a simple majority (more than half the votes) to pass.

This bill represents a crucial step in creating clear rules for the crypto industry in America. While Democrats are pushing for stricter regulations, the current version is likely to move forward with only minor adjustments.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/policy/2026/05/13/clarity-act-amendments-would-remake-key-parts-of-crypto-bill-but-have-doubtful-future