Sen. Elizabeth Warren (D-Mass.) attempted to tie Coinbase (NASDAQ:COIN) to Jeffrey Epstein during the CLARITY Act markup hearing Thursday, but her amendment forcing the release of Epstein-related bank records failed 11-13.
Warren’s Epstein Amendment Fails
Warren proposed an amendment calling for federal bank regulators to release bank supervisory information about Jeffrey Epstein’s activities.
“Jeffrey Epstein was an early backer of crypto,” Warren stated on the Senate floor. “He poured millions of dollars into Coinbase, one of the biggest benefactors of this bill, if it becomes law. Epstein recognized crypto’s potential as a tool to covertly facilitate illicit payments,” she added.
The Massachusetts senator argued the amendment would share sunlight on what bank supervisors knew and what banks might have known about Epstein’s activities.
Sen. Cynthia Lummis (R-Wyo.) quickly countered that “confidential supervisory information is not germane to digital asset market structure.” The vote failed 11-13.
Sen. John Kennedy (R-KY) said afterward he would vote in …