Republicans Post Final CLARITY Act Text Ahead of Cloture Vote

The removal of the ethics sunset and the reversal on state attorney general enforcement signal that negotiators prioritized durability and state-level oversight over the earlier compromise language. Raising civil penalties and extending issuance and sponsorship bans shifts the bill's center of gravity toward stricter compliance, which matters most for issuers and sponsors of digital assets. Whether the cloture vote holds and whether these late changes survive conference with the House remains the open question.