CLARITY Act revisions narrow Senate path
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- US lawmakers have revised the CLARITY Act ahead of a Senate vote.
- The changes focus on ethics and law enforcement provisions.
- The updated bill still faces a difficult path to secure enough support.
The revised CLARITY Act includes changes to ethics rules and law enforcement provisions as lawmakers work to build support in the US Senate.
The updated bill aims to address concerns raised by some lawmakers, but it still needs bipartisan backing to pass before Congress begins its August recess.
The latest draft would restrict senior federal officials from issuing or sponsoring digital assets while in office until 2029.
Lawmakers also revised sections covering law enforcement powers, digital asset seizures and consumer protections.
Some law enforcement groups have backed the revised bill, while others continue to oppose parts of the legislation.
The Senate must secure enough votes before the August recess if supporters want the bill to advance this year.