Cynthia Lummis · Polymarket · US Senate · Republicans · CLARITY Act · Democrats · Bitcoin.com News
Senate Republicans Update CLARITY Act With Strict Ethics Rules
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On Sunday night, Senate Republicans released an updated draft of the CLARITY Act with changes to the ethics and other relevant provisions to sway Democrats to vote for the bill on Tuesday.
Key facts
- In addition, the 635-page updated draft also establishes a “circuit breaker” in the case of large deposit flight as a consequence of stablecoin gaining popularity, giving Treasury Secretary Scott
- On Sunday night, Senate Republicans released an updated draft of the CLARITY Act with changes to the ethics and other relevant provisions to sway Democrats to vote for the bill on Tuesday
- Senate Republicans have surprised the crypto industry by releasing a new draft of the Digital Asset Market Clarity Act that makes changes to appease Democrats’ demands on some key issues, including
- Senator Cynthia Lummis stressed that this was the final version of the bill, stating that it was ready after President Trump agreed to “unprecedented ethics restrictions, holding every federally
Summary
Senate Republicans updated the CLARITY bill with strict ethics rules to address Democratic demands. The draft shields developers from money laws and lets the Treasury restrict stablecoin rewards. The concessions raised the bill’s passage odds to 30% on Polymarket ahead of Tuesday’s Senate vote. Senate Republicans have surprised the crypto industry by releasing a new draft of the Digital Asset Market Clarity Act that makes changes to appease Democrats’ demands on some key issues, including ethics, and also touches on the stablecoin yield subject.