New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky
60-second summary
The Clarity Act, revised to tighten DeFi regulations and adjust credit‑union provisions, now requires 60 Senate votes when the chamber reconvenes next week; Republicans released the fresh draft Thursday ahead of that vote, signaling urgency. The amendments could curb crypto‑related lending and force tighter compliance, while the uncertain legislative path may keep market participants cautious about future regulatory stability.
The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circulated a fresh draft on Thursday ahead of the vote.