Clarity Act adds new DeFi rules before Senate vote
Clarity Act adds new DeFi rules before Senate vote
Senate Republicans released a 630-page Clarity Act draft before the September 15 procedural vote begins.The revised text creates CFTC registration rules for trading protocols that fail its decentralization standard.Lummis says Republicans incorporated more than 114 provisions requested by Democratic senators during negotiations and talks.Ethics language still gives the Justice Department primary enforcement authority and expires in January 2029.Sixty Senate votes are needed to advance the bill before debate and potential amendments begin.