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Senate GOP Unveils “Final” CLARITY Act Offer With Trump-Backed Ethics Deal
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Senate Republicans released revised CLARITY Act text Sunday, calling it their “last, best and final” offer to Democrats ahead of Tuesday’s cloture vote. The new language includes a Trump-agreed ethics proposal, described by a GOP aide as accepting roughly 80% of the Tillis-Gallego framework, requiring Trump to either divest substantial crypto holdings or place them in a blind trust, while also allowing state attorneys general to enforce ethics rules, a concession the White House had previously resisted. Other changes include narrowing the Blockchain Regulatory Certainty Act to Bank Secrecy Act civil enforcement only, removing criminal case protections; adding a “circuit breaker” allowing Treasury Secretary Scott Bessent to intervene if stablecoins trigger mass deposit flight from community banks; and tightening rules around vertical integration and conflicts of interest for digital commodity exchanges, while preserving state consumer protection laws.
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