Senate releases final Crypto Clarity Act draft ahead of Tuesday vote
Regulation & Gov ·
Senate Republicans have issued what they call their "last, best, and final" version of the Clarity Act, pairing the crypto market-structure bill with an ethics proposal backed by President Trump, setting up a procedural vote that needs 60 votes to advance.
The draft text, released by Senate Republicans, represents the latest attempt to move a comprehensive cryptocurrency framework through the chamber, according to The Block. The bill's fate now hinges on a critical Senate vote scheduled for Tuesday, where supporters will need to clear the 60-vote threshold to overcome any procedural hurdles and keep the legislation moving.
A central feature of the final draft is a bipartisan ethics provision that Trump has agreed to accept, according to reporting from the Associated Press. The provision would require officials to divest significant crypto holdings or place them in a blind trust, addressing conflict-of-interest concerns that have surrounded the administration's approach to digital assets. Trump's endorsement of the ethics rules marks a shift that has helped clear a path for the broader bill to advance.
Multiple accounts of the legislative process describe the same sequence of events: Senate Republicans finalizing the Clarity Act text, Trump signing off on the ethics language, and the combined package heading toward a decisive floor vote. The convergence of these threads suggests the ethics proposal was a necessary concession to secure enough support for the underlying market-structure framework, though the exact contours of the divest-or-trust mechanism and which officials it would cover have not been detailed in the material available.
What remains unresolved is whether the bill can actually clear the 60-vote threshold on Tuesday, and if it does, how quickly it would move to further stages of the legislative process. It is also not yet clear whether the ethics provision as drafted satisfies all the bipartisan negotiators who had previously raised concerns, or whether additional amendments could still be introduced before the vote. The outcome of Tuesday's vote will determine whether the "last, best, and final" characterization of the draft proves accurate or whether further revisions become necessary.