Senate Set for Clarity Act Vote Amid Democratic Counteroffer Push

The Senate is set to vote on the CLARITY Act on Tuesday at 2:15 p.m. ET, with Democrats pushing for changes after releasing a counteroffer hours before the cloture vote.

The revised bill includes 126 substantive changes requested by Democrats over months of talks and addresses ethics restrictions for federal officials' crypto holdings. However, some Democratic senators still say the changes do not go far enough.

Stablecoin rewards remain a separate dispute, with banking groups arguing that the Treasury Department's proposed 18-month study timeline is too slow to address potential harm to community banks.