Senate GOP unveils revised Clarity Act language ahead of cloture vote
AI Market Summary
Senate Republicans released updated text for the Clarity Act substitute amendment ahead of Tuesday's cloture vote, signaling elevated near-term U.S. regulatory event risk for digital assets. Key changes include CFTC registration requirements for nondecentralized DeFi protocols, narrowing DeFi scope to spot/cash digital commodity transactions, and reaffirming a ban on interest/yield for payment stablecoins. Clearer credit-union crypto authority may modestly support broader institutional access.
Impact level
● High
Affected assets
BTC/USDT-1.37%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Senate Republicans have circulated updated text for the Clarity Act just days before the chamber's scheduled cloture vote. The substitute amendment to H.R. 3633 retains the ethics division with a 2029 sunset, keeps the Blockchain Regulatory Certainty Act, and preserves language that would prohibit interest and yield on payment stablecoins.
Title I has been renamed the "LummisGillibrand Responsible Financial Innovation Act of 2026". According to @EleanorTerrett, the revision would require nondecentralized DeFi protocols to register with the CFTC, narrow the DeFi framework to spot or cash digital commodity transactions, and clarify crypto-related authority for credit unions.
The Senate's first procedural vote is scheduled for Tuesday.
