The Clarity Act is set to face a key test when the U.S. Senate returns from recess next week, with the measure requiring 60 votes to advance. Ahead of that vote, Republicans circulated a fresh draft on Thursday that makes changes to provisions tied to decentralized finance, or DeFi, and credit unions. Even with the updated text now in circulation, the bill’s next steps remain unclear. The latest version arrives just before senators reconvene, putting attention on whether the revised language can gather enough support in a chamber where the threshold is higher than a simple majority. CoinDesk reported that the road ahead for the legislation is still murky despite the new draft.
The Clarity Act will need 60 votes when the U.S. Senate returns from its recess next week.
Republicans circulated a fresh draft on Thursday ahead of the vote. The revised text changes provisions related to decentralized finance, or DeFi, and credit unions. Even so, the path forward for the bill remains unclear, according to CoinDesk.
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