CLARITY Act Final Offer Puts Democrats on the Clock Before Crucial Senate Vote

Senate Republicans have presented what they call their final CLARITY Act proposal and are pressuring Democrats ahead of a procedural vote scheduled for Sept. 15.

The new 635-page proposal would require 60 votes to open debate, meaning Republicans would require the support of all 53 Republican senators and at least seven Democratic caucus members to open debate.

Senate Minority Leader Chuck Schumer convened Democrats on Sunday evening to discuss the text since its release; as of Sept. 14, Democratic leaders had not signaled how their caucus would vote.

Sens. Cynthia Lummis, Tim Scott and John Boozman said they had accepted 126 substantive changes Democrats requested to the original proposal after more than a year of negotiations.

Ethics provisions remain the centerpiece of the controversy, with Democrats advancing a range of bans on elected officials and their families profiting from digital assets while shaping federal policy. Republican sponsors say President Donald Trump accepted provisions based on substantially all of a proposal developed by Sens.

Thom Tillis and Ruben Gallego would require federally elected officials and federal judges and their spouses to divest or place in a blind trust large cryptocurrency holdings.