Concerns are mounting in the crypto community that amendments tied to Senator Elizabeth Warren could impede XRP’s access to the traditional banking sector as lawmakers review the CLARITY Act.
Notably, the Senate Banking Committee is expected to consider more than 100 amendments to the digital asset market structure legislation. Among them are roughly 40 proposals reportedly introduced by Warren, a longtime critic of the cryptocurrency industry.
Long -term XRP adherent Bull Winkle recently raised concerns that several of the proposed amendments seek to curb crypto firms’ access to Federal Reserve services, particularly so-called master accounts.
In a YouTube video, Winkle argued that the proposals could have significant implications for major crypto firms.
“The most significant proposal would block the Federal Reserve from granting master accounts to crypto companies,” he said. “Directly targeting here Ripple, Circle, Anchorage Digital, and Custodia Bank, all of which have pending applications.”
 
Master accounts allow financial institutions to interact directly with the Federal Reserve payment network and are widely viewed as an important step for crypto companies seeking deeper integration with the U.S. banking system.
Winkle further alleged that Warren had aggressively pushed the amendments, claiming she had “stayed up all night” preparing changes to the legislation. However, those assertions remain the analyst’s opinion and have not been independently verified.
Despite the proposed restrictions, some market participants argue that the crypto industry’s integration into mainstream finance has already advanced significantly.
Ripple has secured regulatory approval through the Office of the Comptroller of the Currency (OCC), while crypto exchange Kraken has already obtained a Federal Reserve master account.
According to Winkle, the proposals appear aimed at reversing progress that has already been made.
“Warren’s amendment, it’s not stopping a future event. It is trying to reverse approvals that already happened,” he added.
The analyst added that ongoing legislative debates are unlikely to halt broader industry developments.
Concerns surrounding the CLARITY Act are not limited to XRP. The DeFi Education Fund (DEF) has warned that several amendments proposed by Democratic lawmakers could weaken protections for decentralized finance developers and users.
The organization argues that some proposals would expand anti-money laundering obligations for software developers while reducing protections currently included in the bill.
Other amendments reportedly under consideration would prohibit the use of cryptocurrencies as legal tender or for paying taxes in the United States.
Industry groups have urged supporters to contact lawmakers ahead of the committee markup process, arguing that the outcome could shape the future of digital asset innovation in the country.
While regulatory uncertainty persists in Washington, some XRP advocates say international developments continue to strengthen Ripple’s long-term prospects.
Supporters have highlighted Japan’s decision last month to classify XRP and other digital assets as financial instruments under updated securities legislation. Others have pointed to Ripple’s participation in global payment initiatives involving major financial institutions.
That said, for now, attention remains focused on the Senate Banking Committee, where lawmakers will determine which amendments survive the markup process and ultimately become part of the final version of the CLARITY Act.
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