Clarity Act draft revised with DeFi and credit union changes as Senate vote looms
Source Summary
Republicans released a revised draft of the Clarity Act on Thursday with modifications to DeFi and credit union provisions. The bill requires 60 votes to pass when the Senate reconvenes from recess next week. The path forward for the legislation remains uncertain.
Why it matters
The Clarity Act would establish regulatory clarity for cryptocurrency and decentralized finance, and the revised draft signals ongoing negotiations over its specific provisions.
What remains uncertain
The bill's passage is uncertain, as it requires 60 Senate votes and the source describes the road ahead as 'murky.'
