Democrats prepare counterproposal to GOP’s latest CLARITY Act draft
CLARITY Act crypto bill faces a Democratic counterproposal as talks intensify See what ethics concerns could shape the Senate vote and the bill's path
Senate Democrats are preparing a counterproposal to the latest Republican draft of the CLARITY Act, a crypto market structure bill, as negotiations continue ahead of a key procedural vote.
According to Politico, some Democrats are still concerned about the bill’s ethics language and remain unsatisfied with the revised text that GOP lawmakers described as their final offer.
Senator Mark Warner said Democrats who have been involved in the talks in good faith are sending back a counterproposal. The exchange comes just before a Senate vote that will decide whether the bill can move forward for floor consideration.