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CLARITY Act odds fall to 16% as key Democrats resist GOP’s ‘final’ offer
Cointelegraph reports that CLARITY Act passage odds have dropped to 16% as key Democrats reject the GOP’s final offer. Banking groups cite stablecoin reward loopholes, while tribal gaming interests oppose its prediction-market provisions.
Democrats Submit Counteroffer on Clarity Act Provisions
Democratic senators sent Republicans a counteroffer on Clarity Act provisions after meeting late Monday to discuss draft text, CoinDesk reported. Details of the proposed changes, market reaction and legislative outlook were not provided.
Democrats prepare counterproposal to GOP’s final CLARITY bill offer
Some Democrats plan to submit a counterproposal to the GOP’s “final” CLARITY bill offer, citing dissatisfaction with its crypto ethics provisions just hours before a key procedural vote, Politico reported.
Clarity Act Prospects Improve as Trump Accepts Ethics Provisions Ahead of Key Vote
Decrypt says Clarity Act prospects have revived after Trump agreed to ethics provisions. A key vote is scheduled for Tuesday, followed by a pivotal Federal Open Market Committee meeting on Wednesday.
Senate Republicans Release Revised Clarity Act Ahead of September 15 Vote
Senate Republicans released a revised Clarity Act draft ahead of a September 15 vote. The proposal adds registration requirements for controlled trading protocols, while its ethics provisions remain largely unchanged.
Updated Clarity Act Draft Revises DeFi and Credit Union Provisions
Republicans released a revised Clarity Act draft ahead of the Senate’s return next week. The bill needs 60 votes, while changes to DeFi and credit union provisions leave its legislative outlook uncertain.
OCC Grants Provisional Charter to Blockchain Bank OpenReserve
The OCC granted blockchain bank OpenReserve a provisional charter, adding the new full-service institution to the growing group of crypto-native banks in the United States. The approval is initial and does not confirm full operations.