Updated CLARITY Act draft adds DeFi rules, credit union fix before Senate vote
Regulation & Gov ·
Senate Republicans have circulated a revised version of the CLARITY Act ahead of a procedural floor vote scheduled for next week, adding new decentralized finance registration requirements and a fix aimed at credit unions.
The updated draft spans more than 600 pages and incorporates over 100 changes, including amendments brought by Democrats, according to cryptopotato.com. The bill covers both digital asset market structure and traditional finance provisions, reflecting the scope lawmakers are attempting to address in a single piece of legislation.
Among the substantive additions are new registration requirements for decentralized finance platforms, a provision that had not been part of earlier drafts. The bill also includes a credit union protection intended to address concerns raised by that sector as the legislation moved through negotiations.
The procedural vote is expected on September 15, a timeline confirmed by cryptopotato.com and referenced separately in coverage shared on x.com. Multiple accounts describe the draft as containing more than 100 changes relative to prior versions, with DeFi provisions and credit union protections cited consistently across the coverage.
The inclusion of over 100 Democratic amendments suggests an effort to build bipartisan support ahead of the floor vote, though the material does not specify which amendments were adopted or how they altered the bill's core structure. It also remains unclear how the new DeFi registration requirements would be enforced or which categories of platforms would fall under them.
Four distinct sources are tracking developments in this cluster, pointing to the bill's length, the volume of amendments, and the specific DeFi and credit union provisions as the most notable changes from earlier drafts. What remains unresolved is whether the procedural vote will pass, how the Senate will handle further amendments on the floor, and whether the credit union fix and DeFi requirements survive in their current form through any subsequent negotiations. The coming week's vote will serve as the first concrete test of whether the revised draft has sufficient support to advance.