Senate Banking Committee members submitted over 100 amendments to the CLARITY Act yesterday

BlockBeats News, May 13th – Crypto journalist Eleanor Terrett revealed on social media yesterday that members of the Senate Banking Committee have submitted over 100 amendments to the Clarity Act. The DeFi Education Fund is frantically tracking the provisions classified as "anti-DeFi amendments," warning that these amendments will severely harm DeFi technology, users, and developers, and urging supporters to lobby senators to strongly oppose them before tomorrow's hearing.

According to DEF, these amendments were jointly proposed by Democratic Senators Catherine Cortez Masto, Kyrsten Sinema, Chris Van Hollen, Elizabeth Warren, and Jack Reed, focusing on undermining core DeFi protection provisions, including:

· Blockchain Regulatory Certainty Act (BRCA)

· Protection for Non-Custodial Software Developers

· DeFi Frontend Protection

· Tokenization-related provisions

· Significant expansion of BSA/AML obligations for developers and digital asset companies