Eleanor Terrett, host of Crypto in America, reported via X that negotiations between Republicans and Democrats ended without an agreement ahead of the US Senate Banking Committee's markup (deliberation and vote) on the Clarity Act. She explained, "Democrats made strengthening conflict of interest and ethics provisions for the presidential family a condition and raised last-minute objections to the Digital Asset Regulation Clarity Act (BRCA), which expands the scope of immunity for non-custodial software developers. While there was significant progress on ethical issues, disagreements regarding BRCA became a stumbling block to a final agreement, and the committee vote is expected to proceed with Republican-only support." Regarding these negotiations, Senator Cynthia Lummis stated, "99% of the bill has been agreed upon. I hope the remaining 1% will be resolved after it passes the committee. Otherwise, if something similar to the FTX incident happens again, the responsibility will fall on us."
