{"id":50912,"date":"2026-09-10T20:23:59","date_gmt":"2026-09-10T20:23:59","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=50912"},"modified":"2026-09-10T20:23:59","modified_gmt":"2026-09-10T20:23:59","slug":"updated-crypto-clarity-act-starts-circulating-days-before-key-vote","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=50912","title":{"rendered":"Updated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nUpdated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0<\/a><\/p>\n

<\/div>\n

A new draft of the long-awaited crypto Clarity Act has dropped with amendments.<\/p>\n

As first reported by Eleanor Terrett<\/a> from Crypto in America and Punchbowl\u2019s Brendan Pedersen<\/a>, the updated bill contains changes including requiring non-decentralized DeFi protocols to register with the CFTC, and changes around how credit unions deal in crypto, according to reporters.\u00a0<\/p>\n

The specifics include that a decentralized finance app fails the test of being such a protocol test if someone can control or materially alter its functionality, if it doesn\u2019t run solely on pre-established transparent encoded rules, or if someone can restrict or censor its use.<\/p>\n

It also adds that a federal credit union may use a digital asset or distributed ledger system to perform, provide, or deliver any activity, function, product, or service it is otherwise authorized by law to perform.<\/p>\n

\n
\n
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JUST IN: \"\ud83c\uddfa\ud83c\uddf8\" An updated version of the Clarity Act has released ahead of next week’s floor vote \"\ud83d\udc40\"<\/p>\n

“Latest changes include new DeFi requirements and credit union fix” \u2014 Punchbowl News<\/p>\n

Pass it \"\ud83d\ude80\" pic.twitter.com\/uYntehREqI<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) September 10, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Lawmakers were hoping a crucial vote on the crypto market structure bill would go ahead in August before their five-week recess. It was delayed and the Senate will now vote on it on September 15.\u00a0<\/p>\n

The bill is not bipartisan yet, according to the reporters. Senate Republicans started circulating the updated legislation on Thursday.\u00a0<\/p>\n

The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins. Crypto industry executives have long called for such rules to be in place.\u00a0<\/p>\n

Though passed by the House of Representatives last July, it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield.\u00a0<\/p>\n

A new draft tackling the issue of ethics started circulating in July, banning government officials from promoting or making money from crypto \u2014 something Democrats have criticized the Trump family for doing.\u00a0<\/p>\n

Despite the changes, a group of Democrats said the bill fell short and demanded amendments to the bill.\u00a0<\/p>\n

Pro-crypto lawmakers have blasted<\/a> Democratic politicians who they think are deliberately holding back the bill.\u00a0\u00a0<\/p>\n

President Donald Trump has urged lawmakers to get the legislation over the line. In August, he said<\/a> that in order for the U.S. to remain the \u201cundisputed leader in Bitcoin and crypto,\u201d they had to pass the \u201cvery, very powerful legislation.\u201d<\/p>\n

This post Updated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Updated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0 A new draft of the long-awaited crypto Clarity Act has dropped with amendments. As first reported by Eleanor Terrett from Crypto in America and Punchbowl\u2019s Brendan Pedersen, the updated bill contains changes including requiring non-decentralized DeFi protocols to register with the CFTC, and […]<\/p>\n","protected":false},"author":1,"featured_media":50913,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-50912","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nUpdated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=50912\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Updated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Updated Crypto Clarity Act Starts Circulating Days Before Key Vote\u00a0 A new draft of the long-awaited crypto Clarity Act has dropped with amendments. 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