Senate Vote on CLARITY Act Looms Amid Ongoing Negotiations

The CLARITY Act is on track for a Senate vote after Democrats sent Republicans a counterproposal, but disagreements remain over ethics language and other provisions.

Negotiations have been ongoing, with the latest Republican draft making changes to several contentious provisions. The Democratic counterproposal was submitted just before the scheduled Senate vote, but its details were not disclosed.

Senator Cynthia Lummis said that Democrats are seeking additional concessions, while the White House has defended the latest version of the bill. Patrick Witt, the White House's top crypto advisor, expressed confidence in the bipartisan nature of the legislation and its potential to secure 60 votes.