New CLARITY Act draft adds ethics, stablecoin circuit-breaker changes
Senate Republicans have circulated a new CLARITY Act draft that incorporates 126 changes requested by Democrats, adding ethics restrictions on Trump and his family plus a stablecoin "circuit breaker" aimed at protecting community banks. The 600-plus-page draft also tweaks provisions covering certain DeFi and credit union activities.
The market-structure bill, which would create a federal framework for digital assets, faces a key procedural vote, with questions still hanging over whether it can reach the 60 votes needed to advance against a shortened September legislative calendar.
Sources
- LATEST: Senate Republicans release a new CLARITY Act draft with 126 changes requested by Democrats, including ethics restrictions on Trump and family, plus a stablecoin "circuit breaker" to protect community banks. https://t.co/NhnKylmEZQx.com ↗
- New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murkycoindesk.com ↗
- LATEST: New Clarity Act text is circulating among lawmakers ahead of Tuesday’s key procedural vote. The 600-plus-page draft includes changes to provisions covering certain DeFi and traditional finance activities, as questions remain over whether the bill has the 60 votes neededx.com ↗
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