Democrats push back on GOP’s ‘final’ CLARITY offer with counterproposal: Politico

Democrats are pushing back on what Republicans have described as a final offer on the CLARITY bill, according to Politico. The dispute centers on crypto ethics provisions in the legislation, with some Democratic lawmakers still dissatisfied with the proposed language.

Those Democrats are expected to send Republicans a counterproposal just hours before a key procedural vote. The late-stage negotiations underscore that agreement on the bill’s broader framework has not resolved concerns over ethics rules connected to crypto policy.

The CLARITY bill is part of the wider U.S. debate over how digital-asset markets should be regulated. Market-structure legislation has drawn attention from lawmakers, crypto companies and consumer-protection advocates because it could help define how oversight of the sector is organized.

Republicans’ characterization of their proposal as final has not ended negotiations, as Democrats seek additional changes before the procedural vote. Whether the counterproposal produces a compromise could affect the bill’s path through Congress.