Senate Republicans release revised Clarity Act with 126 concessions to Democrats ahead of crucial vote

Senate Republicans dropped a revised 635-page version of the Digital Asset Market Clarity Act over the weekend, packing in 126 substantive changes requested by Democrats in what amounts to the most aggressive legislative push for comprehensive crypto regulation Congress has attempted. The cloture vote is scheduled for September 15, 2026, and the math is tight: Republicans hold 53 seats but need 60 to clear the procedural hurdle. Senators Cynthia Lummis, John Boozman, and Tim Scott released the final text on September 13-14, capping more than a year of bipartisan negotiations. What changed in the revised bill The 126 revisions touch three major areas that Democrats flagged as deal-breakers in earlier drafts: ethics rules for federal officials, stablecoin oversight, and trading protocol registration. On the ethics front, the bill now mandates that any federal official holding $15,000 or more in token-issuing businesses must either divest those holdings or place them in a blind trust. President Trump endorsed this framework, specifically backing a provision that would let state attorneys general enforce the divestment requirements. The stablecoin provisions introduce what drafters are...