Senate Republicans Release Revised Clarity Act Ahead of September 15 Vote
60-second summary
Senate Republicans release a revised Clarity Act that now requires registration for all controlled‑trading protocols while keeping most ethics provisions unchanged, aiming to tighten oversight of crypto exchanges. The draft, slated for a September 15 vote, could force platforms to disclose operations and comply with new compliance costs, potentially slowing market growth and prompting tighter industry regulation.
The draft adds registration requirements for controlled trading protocols and leaves its ethics provisions largely unchanged.