Updated Clarity Act Draft Revises DeFi and Credit Union Provisions

Republicans circulated a revised version of the Clarity Act on Thursday as lawmakers prepare for the Senate to return from recess next week. The bill will need 60 votes to advance, leaving its prospects uncertain. According to CoinDesk, the latest text includes changes affecting decentralized finance (DeFi) and provisions related to credit unions. The updates come shortly before the expected Senate vote, but the path forward remains unclear. The legislation is being watched across the crypto market because its provisions could shape the regulatory framework under consideration for digital assets and related activities. No outcome has been determined, and the source material does not indicate whether the revised language has secured enough support among senators.