Crypto
CLARITY Act Update Retains Controversial Provisions as Senate Vote Looms
The Senate has released an updated version of the CLARITY Act, which still contains disputed provisions on ethics and stablecoin yields.
The revised text expands the decentralized finance framework, defining non-decentralized finance protocols as those with identifiable parties controlling rules or usage. This approach brings some decentralized finance activity closer to intermediary-style regulation.
A key feature of the updated bill is its assignment of new responsibilities across federal market regulators, dividing more digital-asset oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. The division remains central to the crypto bill's market-structure framework.