May 14 : The Republican-led Senate Banking Committee on Thursday is set to consider long-awaited legislation that would create regulations for cryptocurrencies – a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. 

The Clarity Act would clarify regulators’ jurisdiction over the sector. Thursday’s “mark-up,” when senators debate, amend and vote on whether to advance the bill, will indicate if it can win the at least seven Democratic votes needed to pass the full Senate. 

Many Democrats are against the bill, arguing its anti-money laundering provisions are too weak and that it should bar ​political officials from profiting from crypto ventures. The Committee’s top Democrat Elizabeth…