I watched part of the process of the Senate Banking Committee's * * "markup" meeting on the CLARITY Act. This is a high-intensity adversarial review. Generally speaking, committee markup amendments are mostly over 10, with controversial ones ranging from 20 to 50. However, this time the Clear Bill has over 100 amendments, which is an extreme situation, with Elizabeth Warren proposing 40+alone. This also indicates that the cryptocurrency industry is currently highly controversial in the United States, such as stablecoin returns, DeFi liabilities, and traditional banking interests. The Democratic Party wants strict regulation and consumer protection provisions, while the Republican Party wants to maintain the original framework. Due to the majority of Republican members (13 vs 11), as long as the Republican Party is united, the final revised bill can be passed today with a party vote of 13-11 and reported to the entire House. However, in order for the bill to truly become law, it still requires a vote in the entire Senate, coordination of the House version (possibly with additional votes), and finally submission to the President for signature.