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US Republicans send ‘final’ CLARITY Act offer to Democrats

Senate Republicans on Sunday released revised text of the CLARITY Act aimed at swaying Democrats ahead of a procedural vote on Tuesday, featuring major changes to rules relating to government officials’ involvement with digital assets.

The 635-page proposal, released by US Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis alongside Chairmen John Boozman and Tim Scott, also includes changes to the Blockchain Regulatory Certainty Act (BRCA) and provisions governing stablecoin yield. Lummis said the new ethics provisions had been agreed to by US President Donald Trump.

“After a year of intense daily bipartisan negotiations, this bill is ready,” she said. “President Trump voluntarily agreed to unprecedented ethics restrictions, holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in US history.”

The new bill text comes just two days before a procedural vote on the CLARITY Act on Tuesday at 2:15pm ET, which will determine whether the Senate can advance the bill toward floor consideration. The proposal has been described as a final offer on the bill, a Republican aide told reporters on Sunday.

Key changes in final CLARITY Act text
Lummis said the final bill text reflects a year of bipartisan negotiations and 126 changes made at the request of Democrats.

The revised ethics rules would allow state attorneys general to enforce bans on federal officials issuing, sponsoring or holding significant financial interests in digital assets, and on exchanges listing assets in violation of those bans.
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