Senate Republicans Release Revised Crypto Bill Ahead of Critical Vote

U.S. Senate Republicans have released an updated version of their crypto bill, The Clarity Act, ahead of a key vote on Tuesday.

The revised draft addresses concerns from Democrats and the banking industry over ethics provisions and potential destabilization of the banking system.

The new text includes 126 substantive changes requested by Democrats, including stricter restrictions on public officeholders profiting off their own crypto ventures.

Senate Republicans claim that this bill is ready for a vote after a year of bipartisan negotiations.