Senate Republicans unveil revised Clarity Act with Trump-backed ethics proposal

CryptoBriefing Senate Republicans have unveiled a revised draft of the Clarity Act, incorporating a new ethics proposal that has secured the agreement of President Trump. The updated text also includes modifications related to blockchain regulation, yield protections, and agricultural rules. This development represents a significant step toward potential legislative approval, suggesting that the bill remains active and continues to address contentious issues affecting the crypto market structure. Key provisions in the revised text involve maintaining ethics standards while introducing changes in non-decentralized DeFi protocols and stablecoin yield limitations. Key Takeaways The release of the revised Clarity Act text suggests progress towards its passage, consistent with increased support for a YES outcome. Market pricing indicates a rise in the likelihood of the Clarity Act being signed into law, with odds moving from 14% to 21.5% over the past week. The agreement by President Trump on the ethics proposal could indicate further bipartisan negotiations and potential advancement of the bill. What to Watch Observers will be closely monitoring any forthcoming statements or actions fr...