Democrats Prepare Counterproposal to Roll Back GOP Revisions to CLARITY Act Ahead of Senate Vote

Forecast Trend Report by Period

Democrats are poised to put forward a counterproposal that would roll back much of the Republicans’ recent revisions to the US Senate’s CLARITY Act ahead of a vote on the bill.

Eleanor Terrett, host of Crypto in America, wrote on September 15, citing industry sources, that the Democratic counterproposal would address most or all of the changes Republicans added to the bill a day earlier.

The key question is whether Republicans will make further concessions before the September 15 vote. It remains unclear whether they will accept additional Democratic demands or insist that Democrats first support a procedural vote to open debate on the bill if they want further changes.