Senate Republicans finalize CLARITY Act ahead of Tuesday vote

Senate Republicans have released the final draft of the CLARITY Act, incorporating over 120 changes requested by Democrats to secure bipartisan support. The revised bill focuses on four key areas: ethics rules for federal officials, stablecoin-related bank deposit protections, developer safeguards, and regulations for digital commodity intermediaries. A cloture vote on the motion to proceed to H.R. 3633 is scheduled for Tuesday at 2:15 p.m. If passed, the text will be introduced as a substitute amendment. The ethics provisions require federal officials to divest from or place digital asset interests in a blind trust, with civil penalties for violations.