The Senate Banking Committee reviewed the CLARITY Act as Senator Warren’s retirement-account amendment failed, while debate over Tornado Cash underscored continuing divisions on crypto enforcement and investor protections.
The U.S. Senate Banking Committee began reviewing the CLARITY Act and approved Senator Mike Rounds’ AI sandbox amendment in a 15-9 vote. Senator Elizabeth Warren’s retirement-account amendment failed 11-13 during the proceedings. Warren argued that Tornado Cash had been used to launder more than $7 billion, including over $450 million linked to North Korean hackers, keeping anti-money laundering concerns central to the debate over digital asset legislation.