CLARITY Act Revisions Narrow DeFi Rules Ahead of Crucial Senate Vote
A 630-page revision of the Digital Asset Market CLARITY Act tightens DeFi oversight by targeting non-decentralized protocols (potentially requiring CFTC registration and BSA compliance) while preserving protections for genuinely decentralized infrastructure; it narrows the DeFi scope to spot and cash digital commodity transactions, addressing concerns about prediction markets. The changes, backed by Democrats and opposed by some Republicans and banks, are aimed at the Sept. 15 Senate procedural vote, with industry lobbying ongoing. Bitcoin, ETH, and XRP remain driven mainly by macro factors rather than the CLARITY draft as traders await the outcome.