Members of the Senate Banking Committee have filed more than 100 amendments to a major crypto bill, setting the stage for a contested markup session that could reshape the legislation before it advances to the full Senate.
Senate Banking Committee Takes Up Crypto Bill With Record Amendment Count
The Senate Banking Committee scheduled an executive session on May 8, 2026, to consider the bill. The sheer volume of proposed amendments reflects significant disagreement among committee members over key provisions in the legislation.
The bill, tracked as Senate Bill 394 in the 119th Congress, has drawn attention from both supporters and critics of digital asset regulation. Filing more than 100 amendments at the committee level suggests lawmakers see substantial room to alter the bill’s text.
These are proposed changes to the bill, not enacted law. Committee markups are where legislators negotiate line-by-line revisions before deciding whether to send the bill forward. The U.S. is not alone in grappling with crypto legislation; Poland is simultaneously debating four crypto bills as governments worldwide race to establish regulatory frameworks.
Why More Than 100 Amendments Signals Unresolved Policy Friction
In a committee markup, each amendment can modify, add, or remove provisions from the bill. A high amendment count signals that multiple policy disputes remain unresolved, from regulatory jurisdiction to compliance requirements for digital asset firms.
One area of concern flagged by the nonprofit Coin Center involves an amendment that could grant broad executive authority over open-source software. That type of provision illustrates how individual amendments can introduce sweeping changes during what might otherwise appear to be a routine procedural step.
A large number of amendments can also slow the markup process. If committee members cannot reach consensus, the session may extend across multiple days or the bill’s advancement could stall entirely. The bill’s scope could touch everything from stablecoin reserves, an area where JPMorgan recently launched a tokenized money market fund on Ethereum, to transaction transparency standards similar to the clear signing initiatives already emerging in the private sector.
What Crypto Holders Should Watch Next
If the committee completes its markup and votes the bill out, the revised text moves to the full Senate for debate. The version that emerges from committee can differ materially from the original, depending on which amendments are adopted.
Readers tracking this bill should monitor the committee’s official session page for updated schedules and any published amendment text. The legislative process after committee consideration typically includes floor debate, potential further amendments, and a full Senate vote before any House action.
No provisions become binding until a bill passes both chambers and receives a presidential signature. The amendment stage is one of several checkpoints where the bill’s scope and requirements can shift significantly.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
