Democrats Send Counterproposal on GOP’s ‘Final’ CLARITY Act Offer

The timing matters more than the substance here: a counterproposal arriving hours before a procedural vote suggests the bill's supporters still lack the bipartisan cover they need to move cleanly, and the ethics provisions remain the sticking point rather than the market structure core. That split is a signal that crypto market-structure legislation is being negotiated as much on political-conduct terms as on regulatory design. Whether the counteroffer narrows the gap or forces a delay is the open question, and it will indicate how much of the bill's coalition is durable versus tactical.