US Senate Republicans Release Final CLARITY Act Proposal

US Senate Republicans have released the final version of the CLARITY Act, presented as their last offer to Democrats before the cloture vote on Tuesday. The proposal includes adjustments to ethics rules, BRCA, stablecoin yields, and agricultural committee provisions. Trump has reportedly agreed to approximately 80% of the Tillis-Gallego ethics proposal, including the divestment of significant crypto-related financial interests. The stablecoin yield section introduces a circuit breaker mechanism, with Treasury Secretary Scott Bessent authorized to intervene if community bank deposits shift significantly into stablecoins. The bill also narrows the scope of BRCA protections and strengthens restrictions on vertical integration and conflicts of interest.