Republicans Release Final CLARITY Act Text Ahead of Cloture Vote

Republicans have published the final text of the CLARITY Act, incorporating ethics provisions supported by Donald Trump. The updated version removes the January 20, 2029, sunset clause, eliminates the restriction on state attorney general enforcement found in the July draft, and increases civil penalties to the greater of 20% of the proceeds or $500,000. The bill also maintains bans on the issuance and sponsorship of digital assets.