Senate GOP Revises CLARITY Act with Trump-Backed Ethics Deal

Senate Republicans have released revised text for the CLARITY Act, which they claim is their 'last, best and final' offer to Democrats ahead of Tuesday's cloture vote. The new language includes a Trump-backed ethics proposal that requires either divestment or placing substantial crypto holdings in a blind trust.

A GOP aide described the revised proposal as accepting roughly 80% of the Tillis-Gallego framework, which would impose stricter ethics rules on government officials, including those related to cryptocurrency investments.

The move comes as lawmakers continue to debate the merits of the CLARITY Act, with some expressing concerns about its potential impact on free speech and the crypto industry.