The CLARITY Act faces a crowded Senate Banking Committee markup on Thursday after members filed more than 100 amendments to the crypto market structure bill. The deadline for filing changes has passed, although the final amendment count has not yet been confirmed. The fresh amendment pile adds pressure to a bill already caught between crypto firms, banking groups, and lawmakers seeking tighter limits on digital assets. According to crypto journalist Eleanor Terrett, the latest submissions include more than 40 amendments from Senator Elizabeth Warren and a separate proposal from Senator Jack Reed targeting crypto use as legal tender. Senate Markup Faces Heavy Amendment Load The Senate Banking Committee is scheduled to begin the CLARITY Act markup at 10:30 a.m. EST on Thursday. The meeting now arrives with more than 100 proposed changes on the table, raising the chance of a long debate over market structure, stablecoins, and access to banking infrastructure. The volume recalls January’s planned markup, when 137 amendments were reportedly filed before the effort was dropped. This time, the committee is moving forward as crypto companies seek clearer federal rules and banks press lawmakers to narrow parts of the bill they view as too open. Warren Targets Crypto Banking Access Senator Warren filed more than 40 amendments before the deadline, making her one of the most active lawmakers in the latest round. Her proposals cover several areas of the digital asset sector, including the relationship between crypto companies and the Federal Reserve system. One amendment would prevent the Federal Reserve from issuing master accounts to crypto companies. Such accounts provide direct access to the central bank’s payment system, and the restriction would limit how crypto firms connect with core banking channels, even if the broader bill advances. In recent reports, Senator Warren warned that the latest CLARITY Act draft could benefit Trump-linked crypto ventures if conflict rules are not added. She argued that the bill fails to stop elected officials or their families from profiting from digital asset businesses. Warren also said the proposal could expose investors, national security, and the financial system to added risks. Reed-Smith Proposal Focuses on Yield Rules Senators Reed and Tina Smith filed an amendment tied to stablecoin yield restrictions. According to Punchbowl News, the proposal would add banking industry language aimed at rewards that are “substantially similar” to deposit interest. That proposal places senators between two policy positions. Crypto firms have pushed for room to offer activity-based rewards, while banks have urged Congress to stop stablecoin issuers and related platforms from offering products that resemble bank deposits without bank regulation. Banks Increase Pressure Before Vote Banking groups are also pressing the Senate outside the committee room. According to sources, American Bankers Association members have sent more than 8,000 letters to Senate offices since Friday, urging lawmakers to tighten the stablecoin yield compromise. The lobbying push comes as the crypto industry argues that the CLARITY Act should preserve a path for digital asset firms to operate under federal rules. However, banks continue to focus on yield language, payment access, and whether crypto firms could gain advantages outside traditional banking oversight. Reed also filed a separate amendment that would prohibit cryptocurrencies from being used as legal tender, including for tax payments. Terrett noted that the measure contrasts with a bill introduced last year by Representative Warren Davidson, which sought to allow Bitcoin tax payments. The bill may still move out of committee on a party-line vote if Republicans stay unified. However, the amendment process could shape its broader Senate path, where full passage would likely require 60 votes.