Senate Republicans have introduced a new 630-page version of the CLARITY Act, a significant crypto regulation bill affecting Bitcoin, XRP, and Ethereum. The updated bill clarifies distinctions between decentralized and non-decentralized finance protocols and maintains protections for software developers. However, it remains a Republican proposal without bipartisan support, facing skepticism from Democrats over unresolved ethics issues. The crucial procedural vote to advance the bill is set for September 15, which will determine if debate can move forward in the Senate.
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