CLARITY Act faces mounting opposition ahead of Senate vote

Opposition to the CLARITY Act (US digital-asset market-structure bill) has intensified ahead of the scheduled Senate cloture vote on Tuesday at 2:15 p.m. Eastern. Despite Senate Republicans incorporating 126 changes requested by Democrats—including provisions on ethics, stablecoin rewards, and developer protections—critics remain unsatisfied. Banking groups argue that deposit flight protections are insufficient, while Democrats and state attorneys general have raised concerns regarding the effectiveness of ethics restrictions and the scope of state enforcement powers.