Senate Banking Drops New 300-Page CLARITY Act Draft: What’s Changed Since January
The Senate Banking Committee released an expanded 309-page draft of the CLARITY Act featuring new bipartisan compromises.Summary
The Senate Banking Committee has released a revised 309-page draft of the Digital Asset Market Clarity Act of 2025 (CLARITY Act), expanding upon the previous January version. This new draft follows a bipartisan compromise led by Senators Thom Tillis and Angela Alsobrooks regarding stablecoin rewards, allowing regulated issuers to offer certain yields under strict oversight to prevent them from being classified as unregulated bank deposits.
Key additions to the bill include Section 109, which applies insider trading laws, and Section 702, an insolvency safe harbor for digital commodity positions. The bill also features significant revisions to Title I and includes the "Build Now Act." While the draft shows progress, ethics provisions regarding government officials' financial interests in cryptocurrency remain a primary point of contention, as highlighted by Senator Elizabeth Warren.
(Source：BeInCrypto)