US Senate Republicans release final Clarity Act draft ahead of Sept 15 vote
- —Public officials would be barred from issuing and sponsoring digital assets, with fines of up to $500,000
- —Restrictions on exchange listings of such assets and oversight by state attorneys general
- —Developer protections are expanded to cover miners and validators
- —The Treasury would be able to limit stablecoin yields if bank deposits flow out
Why it matters: The procedural vote needs 60 votes and Republicans hold 53, so the outcome hinges on Democratic support.
Source: Digital Today