Senate Republicans released revised CLARITY Act text on Sunday evening ahead of a cloture vote scheduled for Tuesday at 2:15 PM ET, according to statements from Senators Cynthia Lummis, John Boozman and Tim Scott.
The new draft incorporates 126 substantive changes, including narrowed provisions on broker custody rules and revised language addressing stablecoin yield mechanisms. The text also adds ethics rules aligned with Trump administration priorities, according to Eleanor Terrett, who covers crypto policy for major outlets.
The revision follows months of back-and-forth between Republican and Democratic negotiators over stablecoin regulation, digital commodity market definitions, and the scope of broker registration requirements known as BRCA. Earlier versions of the bill had stalled over disagreements on which financial instruments would fall under federal oversight and how yield-bearing stablecoins would be taxed and regulated across state lines.
The cloture vote on Tuesday will determine whether the bill can advance past a procedural hurdle that requires 60 votes in a 100-member Senate. Republicans control 53 seats as of September 2026. Lummis and Boozman told staff the revision represents their "last, best and final" offer to Democrats, according to Terrett's reporting. The GOP may not negotiate further changes before the vote.
If the cloture motion fails, the bill would not receive a final vote on the Senate floor this session. The crypto industry and its allies in Congress view federal clarity on digital asset regulation as necessary to prevent state-by-state fragmentation and maintain U.S. competitiveness in blockchain development.
The revised text was distributed to all 100 senators on Sunday. Democratic offices had not issued formal responses as of Monday afternoon, though several moderate Democrats indicated they were reviewing the changes to determine their voting position.
The cloture vote will expose how many Democrats are willing to support the bill if they secure wins on stablecoin yield taxation and BRCA scope. If 10 or more Democrats vote yes alongside nearly all Republicans, the bill clears Tuesday's procedural test and moves toward final passage within days.
