The Senate Banking Committee's May 14 markup on the Clarity Act cryptocurrency bill proceeded with negotiations broken down over ethics provisions and disagreements on developer liability protections, according to Eleanor Terrett of CryptoInAmerica and multiple financial news outlets. Democrats sought stronger rules on presidential family conflicts of interest while Republicans moved toward a solo vote. The core facts about the breakdown align with Forbes and Fortune reporting, though the post omits that a separate stablecoin yield deal was already locked, making the ethics dispute the primary remaining sticking point rather than a complete negotiation failure.