Updated CLARITY Act Draft Narrows DeFi Rules Ahead of Senate Vote
TL;DR Summary
A revised 630-page CLARITY Act draft tightens crypto regulation by targeting non-decentralized protocols with CFTC and Bank Secrecy Act requirements, while limiting DeFi scope to spot and cash digital-commodity trades and carving out narrowly defined prediction markets. Sen. Cynthia Lummis released the updated text ahead of a Sept. 15 Senate vote, reflecting concessions to lawmakers and industry lobbying, as crypto prices face macro-driven pressure rather than draft specifics.
Topics:business#clarity-act#cryptoregulation#defi#politics-and-government#prediction-markets#senate-vote
- 630 Page CLARITY Act Draft Drops Days Before Senate Vote With Major DeFi and Prediction Market Changes Yahoo Finance
- Coinbase CEO says clearer U.S. crypto rules are coming — with or without Senate approval CNBC
- Crypto, banks take lobbying war to US senators' home states ahead of key vote Reuters
- Lummis ramps up pressure on Democrats over crypto bill The Hill
- Article | Republicans unveil updated crypto bill text ahead of floor vote next week POLITICO Pro
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