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hr3633
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Senate Republicans just released the "final" text of the Digital Asset Market CLARITY Act (H.R. 3633) 📜 ahead of Tuesday's cloture vote on September 15.
The new draft folds in 126 substantive changes requested by Democrats after more than a year of negotiations. The biggest addition: tougher ethics rules 🛡️ (based on the Tillis-Gallego proposal), banning federal officials, judges, and their spouses from holding a "significant financial interest" ($15,000+) in crypto-token businesses, with mandatory divestment or a blind trust.
President Trump voluntarily agreed to these restrictions 🤝, according to Cynthia Lummis.
Now it comes down to the vote count 🗳️: Republicans hold 53 seats and need 60 to invoke cloture, meaning at least 7 Democrats or independents must cross over. A failed vote could effectively shelve the bill until 2029 ⏳
#ClarityAc #CryptoRegulationBattle #HR3633 #crypto
Senate Republicans just released the "final" text of the Digital Asset Market CLARITY Act (H.R. 3633) 📜 ahead of Tuesday's cloture vote on September 15.
The new draft folds in 126 substantive changes requested by Democrats after more than a year of negotiations. The biggest addition: tougher ethics rules 🛡️ (based on the Tillis-Gallego proposal), banning federal officials, judges, and their spouses from holding a "significant financial interest" ($15,000+) in crypto-token businesses, with mandatory divestment or a blind trust.
President Trump voluntarily agreed to these restrictions 🤝, according to Cynthia Lummis.
Now it comes down to the vote count 🗳️: Republicans hold 53 seats and need 60 to invoke cloture, meaning at least 7 Democrats or independents must cross over. A failed vote could effectively shelve the bill until 2029 ⏳
#ClarityAc #CryptoRegulationBattle #HR3633 #crypto
The new draft folds in 126 substantive changes requested by Democrats after more than a year of negotiations. The biggest addition: tougher ethics rules 🛡️ (based on the Tillis-Gallego proposal), banning federal officials, judges, and their spouses from holding a "significant financial interest" ($15,000+) in crypto-token businesses, with mandatory divestment or a blind trust.
President Trump voluntarily agreed to these restrictions 🤝, according to Cynthia Lummis.
Now it comes down to the vote count 🗳️: Republicans hold 53 seats and need 60 to invoke cloture, meaning at least 7 Democrats or independents must cross over. A failed vote could effectively shelve the bill until 2029 ⏳
#ClarityAc #CryptoRegulationBattle #HR3633 #crypto
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