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BTC 
ETH CLARITY bill negotiators say the final proposal contains 126 substantive changes requested by Democrats.
Senate Republicans released a revised final proposal for the CLARITY bill before Tuesday's procedural vote, which includes new moral constraints and stablecoin safeguards. Senators Cynthia Lummis, John Boozman and Tim Scott said the draft contained 126 substantive changes proposed by Democrats.
The White House supports ethics agreement in the CLARITY bill
President Donald Trump has accepted the revised ethics clause, according to Republican negotiators. The package aims to resolve previous differences that have delayed cryptocurrency legislation due to controversy.
According to the senator's announcement, the revised plan reflects most of the core elements of the bipartisan Tillis-Gallego ethics proposal. The new rules give state attorneys general the power to play a role in enforcing restrictions involving public officials. According to reports, the relevant text does not extend the same restriction to the children of officials. The Trump family's business interests have sparked Democratic concerns about potential conflicts of interest in cryptocurrency policy.
Patrick Witt, executive director of the White House Digital Assets Advisory Council, urged senators to pass the CLARITY Act. He said that throughout the negotiation process, Republican negotiators and the White House responded to Democratic policy demands.
"At every step of the CLARITY bill negotiations, the White House and Senate Republicans responded positively to Democrats 'clear policy goals." "After more than a year of negotiations, it is time to pass this bipartisan legislation," Witt wrote on social media.
stablecoin safeguards face key Senate vote test
The CLARITY Act authorizes the Treasury Department to intervene when payment stablecoins trigger large deposit withdrawals from community banks. The proposed "circuit breaker" mechanism is designed to address concerns that stablecoin rewards could weaken local credit capabilities.
Other revisions include narrowing the scope of developer protection to civil matters and removing language that could exempt certain behaviors from criminal prosecution. Additional guardrails address related party transactions and conflicts of interest between digital commodity exchanges, brokers and dealers.
The proposal also retains state consumer protection measures and clarifies that developer security mechanisms do not override derivatives regulation.
Tuesday's CLARITY Bill vote involved a procedural vote on a motion to close debate and required 60 votes to pass. Given that the Republican Party has 53 seats, even with the full support of all Republicans, it would still take the support of seven Democrats or independents to reach the threshold. Republicans will then propose the revised text as an alternative amendment. Final Senate passage and House review require further legal procedures.
