Kennedy Backs CLARITY Act, Paving Senate Path for Crypto Rules

Sen. John Kennedy plans to vote yes on the Digital Asset Market CLARITY Act in the Senate Banking Committee markup after striking a deal with Chairman Tim Scott to add fiduciary-duty provisions and attach Sen. Elizabeth Warren’s housing bill; the move solidifies Republican support for the bill even as Democrats file more than 100 amendments, including anti-DeFi proposals, with the bill expected to advance to the Senate floor before Memorial Day recess.