Senate GOP Unveils Final Clarity Act Text Ahead of Crucial Vote
The Senate Republican leadership has released a revised version of the Clarity Act, dubbed their 'final' offer to Democrats ahead of Tuesday's cloture vote. The updated text includes over 120 Democrat-requested changes and reflects more than a year of bipartisan negotiations.
New ethics provisions require lawmakers to divest substantial crypto holdings or place them in blind trusts, mirroring the Tillis-Gallego ethics proposal from earlier talks. State attorneys general gain a meaningful enforcement role under the revised draft, while the Treasury Secretary would be granted circuit-breaker power to protect community bank deposits.
The bill clarifies that state consumer protection laws remain applicable to digital asset markets and tightens guardrails on vertical integration and affiliate trading. Major financial institutions such as BlackRock and Goldman Sachs back the legislation, along with law enforcement groups representing over 130 million Americans nationwide.