<div id="readability-page-1" class="page">A cryptocurrency regulation bill advanced out of the Senate Banking Committee on Thursday, clearing a key hurdle with the support of a pair of Democrats following a last-minute bipartisan push. The Senate panel voted 15-9 to send the Clarity Act to the floor, with Sens. Ruben Gallego (D-Ariz.) and Angela Alsobrooks (D-Md.) joining their GOP colleagues to advance the measure. The vote marked a major step forward for the bill, which has faced a long and winding path through the Senate over the past year. However, the final tally may preview the problems it could face on the floor, where it will need more Democratic support to get across the finish line. “Through serious, bipartisan negotiations, we have made incredible progress on this bill. We have narrowed the gap on many of the outstanding issues,” Gallego said in a statement following the markup. “My vote today is so we can continue these efforts. But I want to be clear: my vote here does not guarantee a vote on the floor,” he added. The markup of the bill, which aims to provide guidelines for federal regulators overseeing the crypto industry, comes after months of negotiations between Senate Republicans and a contingent of crypto-friendly Democrats. Talks continued down to the wire, with senators indicating that discussions were ongoing as of Thursday morning. This appears to have proved somewhat fruitful, as Senate Banking Chair Tim Scott (R-S.C.) opted to add in several amendments part way through the markup at the request of several Democrats “to make this a bipartisan outcome.” The move underscored the unique dynamics of the crypto negotiations, which have split the committee’s top Democrat, Sen. Elizabeth Warren (Mass.), and the crypto-friendly cohort of Democrats that have been involved in talks. Warren, a staunch crypto critic who dismissed the Clarity Act as “a bill written by the crypto industry for the crypto industry,” slammed Scott’s decision to add the amendments mid-markup after he deemed several other amendments as ineligible. “It seems to me, Mr. Chairman, following the rules you announced at the beginning, either we know all of the amendments when we walk in and that’s the end of it, or if you’re going to start opening it up, let’s open it up to everyone,” Warren said. The procedural dispute threw the markup into disarray, prompting Sen. Thom Tillis (R-N.C.) to suggest the amendments instead be baked into an amendment on the Senate floor. However, Sen. Mark Warner (D-Va.) stepped in and pushed for the amendments to move forward in the committee. “I would actually prefer, because of the good faith that Sen. [Cynthia] Lummis [R-Wyo.] has shown and I intend to work more on this bill, but … this would move me much closer if these amendments are not put off until the floor,” Warner said.</div>

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A cryptocurrency regulation bill, the Clarity Act, advanced out of the Senate Banking Committee with bipartisan support, voting 15-9. Senators Ruben Gallego and Angela Alsobrooks joined Republicans to push the bill forward, which aims to provide guidelines for federal regulators overseeing the crypto industry. Despite progress, the bill may face challenges on the Senate floor, needing more Democratic support. The markup included amendments to foster bipartisan cooperation, although it sparked procedural disputes, particularly from Senator Elizabeth Warren, a critic of the bill.

- A cryptocurrency regulation bill, the Clarity Act, advanced out of the Senate Banking Committee with a vote of 15-9, indicating bipartisan support.  
- The bill aims to establish federal guidelines for regulating the crypto industry but may face challenges in gaining sufficient Democratic support on the Senate floor.  
- Tensions emerged during the markup regarding the addition of amendments, highlighting divisions within the Democratic party on the issue, especially between Senator Elizabeth Warren and those more supportive of the crypto industry.

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Senate panel advances key crypto bill with bipartisan support