Senate Republicans released the final CLARITY Act draft featuring 126 substantive changes Democrats requested during more than a year of negotiations. The revisions address ethics rules for federal officials, a circuit breaker for community banks facing stablecoin-related deposit flight, narrowed developer protections limited to the civil context, and stricter compliance requirements for digital commodity intermediaries. The bill also lowers annual fundraising caps to $50 million from $75 million, with a $200 million lifetime limit. It must clear a 60-vote cloture test Tuesday at 2:15 p.m., which would open formal Senate debate and amendment consideration.
Source: Read the original article
