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New Clarity Act Text Tweaks DeFi, Credit Union Provisions, but Road Ahead for Bill Remains Murky

Summary by Cryptocurrency News | Cryptocurrency Prices | Market Cap

The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circulated a fresh draft on Thursday ahead of the vote.

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10 Articles

Coin Desk

+2 Reposted by 2 other sources

Center

New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky

4 hours ago·New York, United States

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Bitnewsbot

Senate GOP Updated Clarity Act Targets Fake DeFi, Vote Set

Senate Republicans released an updated Clarity Act on Thursday targeting non-decentralized crypto trading protocols. The bill would require protocols controlled […]

1 hour ago

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Coinfomania

Senate Republicans Confirm Updated CLARITY Act with CFTC

Senate Republicans' updated CLARITY Act introduces CFTC registration for DeFi protocols. Here's what it means for the crypto landscape.

2 hours ago

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coin-turk.com

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BITRSS

The US Senate Presented a New Version of the Clarity Act Bill Before the Vote.

🚨 The US Senate has presented a new 630-page version of the CLARITY Act bill before a vote. 📌 The procedural vote on September 15th will determine the direction of the process affecting the crypto market, including Bitcoin and $XRP. 🧭 The new text updates the definition of DeFi and developer protections. 🏛️ Democrats, however, continue to approach the bill cautiously due to ethical disagreements. Read More: US Senate Presents New Text of CLA…

3 hours ago

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Coindoo

New CLARITY Act Bill Emerges Ahead of Senate Vote

Key Takeaways CFTC gains an explicit DeFi control test. Registration depends on activities performed. DeFi protection covers only spot markets. […]

4 hours ago

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cryptocrunchapp.com

Updated Crypto Clarity Act Starts Circulating Days Before Key Vote

A new draft of the long-awaited crypto Clarity Act has dropped with amendments. As first reported by Eleanor Terrett from Crypto in America and Punchbowl’s Brendan Pedersen, the updated bill contains changes including requiring non-decentralized DeFi protocols to register with the CFTC, and changes around how credit unions deal in crypto, according to reporters. The specifics include that a decentralized finance app fails the test of being such…

4 hours ago

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