Senate Votes Loom for CLARITY Act Amid Revised Text
The Senate is set to vote on the Digital Asset Market Clarity Act (CLARITY Act) on September 15, after Republican sponsors released a revised version of the bill.
The updated text addresses key areas including liability protections under the Blockchain Regulatory Certainty Act, ethics rules tied to President Trump's family crypto ventures, and stablecoin regulation.
The new draft narrows liability protections for blockchain developers, adds an ethics framework that requires officials to divest significant crypto holdings or place them in blind trusts, and introduces a stablecoin 'circuit breaker' mechanism.
Democrats remain divided on the bill, with some pushing for stronger guardrails addressing Trump's family crypto businesses. Senate Minority Leader Chuck Schumer has called a Democratic caucus meeting for Sunday evening to decide the party's position.