Revised CLARITY Act Draft Narrows DeFi Scope Ahead of Senate Vote
A revised 630-page draft of the Digital Asset Market CLARITY Act was released on September 10, days before a September 15 Senate procedural vote. The update narrows decentralized finance (DeFi) rules to spot and cash transactions, addresses prediction market concerns, and introduces registration requirements for non-decentralized protocols. While industry leaders express optimism, the bill lacks Democratic support and faces opposition from banking groups.