The Republican Party in the U.S. Senate releases a new version of Clarity Act, adjusting crypto ethics and stablecoin provisions
2026-09-14 10:13:19
According to CoinMeta, the Republican Party of the U.S. Senate has released a new version of the legislation, adjusting provisions related to stablecoins, earnings from stablecoins, and the Agriculture Committee. The scope of protection under the new version is narrowed to bank confidentiality laws and civil enforcement, with statements related to criminal cases being removed. The ethical provisions require the separation of significant crypto financial interests or their placement in blind trusts, and allow state attorneys general to participate in the enforcement process. A new circuit breaker mechanism has been added for stablecoin earnings, with federal regulatory agencies able to intervene, with the final decision-maker being the U.S. Secretary of the Treasury. The provisions of the Agriculture Committee have strengthened restrictions on vertical integration, related-party transactions, and conflicts of interest.
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Source:Internet
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