Senate Vote Looms on Clarity Act Amid Ongoing Crypto Regulatory Disputes

The U.S. Senate is set to hold a crucial procedural vote on Tuesday regarding the Clarity Act, a bill aimed at creating a new regulatory framework for cryptocurrencies and digital assets.

The measure requires 60 votes for approval and has been stalled due to disputes over ethics rules tied to President Donald Trump's family and stablecoin provisions for banks.

Republicans released revised bill text on Sunday addressing ethics concerns, including a provision allowing state attorneys general to enforce ethics requirements on federal officials.

The latest version of the bill adds a compromise directing the Treasury secretary to restrict stablecoin issuer rewards if deposit flight from community banks occurs on a substantial scale.