CLARITY Act Vote: GOP Rewrites Bill, State AGs Push Back
Senate Republicans have rewritten the CLARITY Act to secure Democratic votes, but 18 state attorneys general are warning the changes could cripple state oversight of digital assets.
The update
Senate Republicans have released a final draft of the CLARITY Act that includes over 120 changes requested by Democrats. The revisions address ethics rules for federal officials, stablecoin deposit risks, developer protections, and market conflicts. The bill now faces a procedural vote on Tuesday to advance to formal Senate debate. The legislation aims to establish a federal market structure for digital assets and clarify jurisdiction between the SEC and CFTC.
Why it matters
This vote is a critical test for US crypto legislation. If passed, the CLARITY Act would set a federal framework for digital assets, potentially ending years of regulatory uncertainty. The bill’s success depends on securing enough votes to overcome a procedural hurdle.
What to watch
State attorneys general, led by New York’s Letitia James, have sent a letter to Senate leaders arguing the bill weakens state oversight. They claim the language creates ambiguity that could challenge state police powers. The vote outcome will determine if the bill moves forward or stalls in the Senate.
Sources
- cointelegraph.com — Overview of the vote, state AG opposition, and bill goals.
- cryptoslate.com — Specific concessions made to Democrats, including ethics rules and penalties.
- decrypt.co — Details on controlled trading protocol registration and timeline.
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