CLARITY Act: Senate Banking Republicans Yet to Secure Full Support Ahead Markup
In the latest CLARITY Act update, Senate Banking Republicans have yet to secure full support from all Republicans on the Committee, which is necessary as they look to at least advance the crypto bill along party lines. Senate Banking Committee Chair Tim Scott expressed optimism that he could soon secure full Republican support and that they could mark up the crypto bill in May. Full Republican Support Still Missing Ahead of Potential CLARITY Act Markup According to a Punchbowl report, Senate Banking Republicans have yet to secure full support from all Republicans on the Committee as they look to advance the crypto bill. The report highlighted Senator John Kennedy as one of the members of the Committee who continues to withhold their support for the bill. This development comes as Senator Thom Tillis, who appeared to be a holdout among the Republicans, pushes for a CLARITY Act markup. Tillis said that he will ask Senator Scott to schedule a markup for the crypto bill once they return from their May recess. However, full Republican support is key, especially as the Senate Banking Republicans may need to advance the crypto bill along party lines. Senator Scott, who is the Committee Chair, already signaled that he