The Senate Republican Party announced an updated version of the Clarity Act

Crypto In America host Eleanor Terrett stated on X that the Republican Party of the U.S. Senate has released an updated text of the Clarity bill, reflecting changes from negotiations during the August recess.

She noted that the ethical provisions section appears unchanged, and the provisions related to BRCA and stablecoin earnings remain the same.

Changes include: requiring non-decentralized DeFi protocols to register with the CFTC, which aligns with Section 10301 of the Banking Committee's part of the bill; limiting DeFi provisions to spot or cash digital commodity trading, seemingly aimed at addressing tribal concerns about blockchain-based prediction markets; and clarifying the authority of credit unions to handle crypto assets.