US senators say the Clarity Act still lacks bipartisan consensus.

CoinFeed reported on May 14 that the U.S. Senate Banking Committee held a hearing on the Digital Asset Market Clarity Act (Clarity Act), with several senators stating that the cryptocurrency market structure bill has not yet garnered sufficient bipartisan support. Republican Senator Cynthia Lummis stated that the bill currently has "only about 1% of the issues" remaining to be resolved, and negotiations are ongoing. Senate Banking Committee Chairman Tim Scott expressed hope that the final version would receive Democratic support and pass a Senate vote. Democratic Senator Elizabeth Warren stated at the hearing that the bill is "not ready" and criticized it for potentially weakening securities law regulation, consumer protection, and anti-money laundering measures.