TREE NEWS update: Republicans posted the final CLARITY Act text a day before a cloture vote, dropping the Jan. 20, 2029 ethics sunset, reversing the July text’s bar on state attorney general enforcement, and raising civil penalties from 10% of the take or $500,000, whichever is less, to 20% or $500,000, whichever is greater. The bans on issuing and sponsoring digital assets reach further.
Republicans Release Final CLARITY Act Text Ahead of Cloture Vote
AI take
The removal of the ethics sunset and the reversal on state attorney general enforcement are the most consequential edits, since they shift the bill's posture on both federal ethics oversight and state-level policing of digital asset activity. Raising civil penalties and widening issuance and sponsorship bans signals a tougher compliance regime for issuers and sponsors, not just exchanges. Whether these late changes survive the cloture vote and any subsequent amendment process is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
42m ago
Binance Sees $3.64B Net Outflow After Repaying Most of $6.3B Stolen Assets
3h ago
Xi’an CAS Xiguang Signs Deal with Xidian University on Space-Air-Ground Network
3h ago
OKX ICE Stock-Token Objections Reach 50, Including Nvidia
3h ago
Allgens Medical faces CSRC probe over alleged false financial data
5h ago
Chengdu opens investigation into sulfur-fumigated Angelica sales
5h ago
Swell Lifts Withdrawal Pauses on swETH and rswETH After Rate Reset