TechFlow News: On May 14, according to CoinDesk, the U.S. Senate Banking Committee began deliberating the “Cryptocurrency Market Structure Act” (also known as the CLARITY Act). A dispute erupted between Senators Tim Scott and Elizabeth Warren over the exclusion of certain amendments. After Warren criticized the bill for containing regulatory loopholes and failing to adequately incorporate Democratic priorities, Scott responded that he had consistently worked to ensure both parties had opportunities to submit amendments, and stated that he had rejected some amendments proposed by both sides.
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