Senate Republicans Present Final CLARITY Act Offer to Democrats Before Key Vote

Senate Republicans have released a revised version of the CLARITY Act, aiming to secure Democratic support ahead of a crucial procedural vote scheduled for Tuesday.

New Ethics Rules Take Center Stage

The updated bill includes stronger ethics provisions covering federal officials’ involvement with digital assets, reportedly agreed to directly by the current administration. Under the proposed rules, elected officials, judges, and their spouses would face strict limits on holding or promoting digital asset investments, with state attorneys general given enforcement authority.

Stablecoin and Blockchain Provisions Updated

The revised legislation also addresses stablecoin rewards, allowing regulators to restrict incentives if they threaten deposits at community banks, though this authority would expire after a set period. Additional changes extend legal protections to blockchain developers, miners, and validators, shielding them from being classified as money transmitters.

Bill Positioned as Final Offer

Republican lawmakers say the legislation reflects more than a year of negotiations and includes numerous changes requested by Democrats. The bill is being described as a final proposal ahead of Tuesday’s procedural vote, which will determine whether it advances toward full Senate consideration.

Prediction markets tracking the bill’s chances of becoming law this year have shown a modest increase in confidence, though expectations remain relatively low overall.