Democrats Counter CLARITY Act Push With Own Proposal Ahead of Senate Vote
Senate Democrats are pushing back against the Republicans' latest version of the CLARITY Act, describing it as their 'last, best and final offer', by preparing a counterproposal. The counterproposal is aimed at addressing concerns over crypto ethics language in the bill text.
The Senate Democrats met on Monday to discuss their counterproposal, which comes ahead of a crucial procedural vote scheduled for Tuesday. This vote will determine whether the Senate can advance the bill towards floor consideration.
Democrats are reportedly still dissatisfied with certain provisions of the latest CLARITY Act text, despite GOP lawmakers releasing it as their final revised version on Sunday. Senator Mark Warner stated that a counterproposal was being sent to Republicans in good faith.