CLARITY Act gets final GOP offer before Senate vote

Senate Democrats have met to assess a final 635-page Republican CLARITY Act proposal before a Sept. 15 procedural vote requiring 60 senators to begin debate. Summary Politico reported Senate Democrats met before Tuesday’s cloture vote as Republicans sought seven opposition-party votes. Republicans released a 635-page CLARITY Act draft containing 126 changes requested by Democratic negotiators Sunday. Trump accepted revised ethics restrictions covering federal officials, judges, lawmakers and their spouses’ digital assets. Treasury would receive circuit-breaker authority if payment stablecoins trigger widespread deposit flight from community banks. Sixty votes are required to begin debate; Tuesday’s action will not determine final passage yet. Politico reported that Senate Minority Leader Chuck Schumer convened the Democratic caucus on Sunday evening after Republicans released the revised text. No Democratic leader had announced the caucus’s position on the motion as of Sept. 14. Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis released the proposal with Senate Banking Committee Chair Tim Scott and Senate Agriculture Committee Chair John Boozman. Their statement calle...