News linked to both this project and an event.
Odaily News: The Trump administration is lobbying Senate Republicans to advance the crypto market structure bill, the Clarity Act. Chris Phelan, Chairman of the White House Council of Economic Advisers, said officials will launch an interactive tool on Tuesday that allows users to set their own parameters and run scenarios to verify that there is no substantive relationship between stablecoin growth and community bank deposit flight.Banking groups say the latest revisions to the bill's text are still insufficient for them to accept the stablecoin provisions. The bill needs at least 60 votes to advance, and the Senate is scheduled to hold a procedural vote on Tuesday afternoon. Several Republicans, including Texas Senator John Cornyn, have hinted they may vote against it, while pro-crypto Democrats have expressed dissatisfaction with the latest text's limited constraints on President Trump. Patrick Witt, Executive Director of the White House Council on Digital Assets, said the bill has incorporated measures to protect community banks.
Odaily News: Moonrock Capital founder Simon Dedic posted on X, stating: "The Senate vote on the Clarity Act is expected to take place in about 10 hours. Democrats have already rejected the Republican-drafted bill on the pretext of so-called 'ethics concerns' (eThIcS cOncErNs); the predicted odds on Polymarket have collapsed, and the market has fully priced in expectations of failure. Regardless of the outcome, however, I am very much looking forward to this vote. It means we can finally turn the page and shift our energy to far more important matters. If the bill fails to pass, we will instead get equally strong pro-crypto regulatory policy from the SEC; and if even that doesn't happen, then the responsibility for watching the U.S. hand over its leadership in frontier finance and sit idly by as the world's most dynamic companies move offshore will rest entirely on the Democrats. Politics is tiresome, but America is not so foolish as to let that situation happen. So what must come will come, and we will ultimately prevail."
According to Chaoxiang research, Bernstein's September 14, 2026 report indicates that the Kalshi prediction market has rebounded to a greater than 30% probability for the passage of the CLARITY Act. The CLARITY Act, officially the Digital Asset Market Clarity Act, centers on establishing a federal regulatory framework for the U.S. cryptocurrency market, delineating regulatory boundaries between the SEC and CFTC, and clarifying exchange compliance requirements and stablecoin yield rules. The latest Senate Republican draft has made substantive concessions on Trump-related ethics provisions and incorporates a "new circuit breaker" clause to address concerns over deposit outflows from community banks. A procedural vote is scheduled for Tuesday, with the Federal Reserve set to announce its interest rate decision on Wednesday.
According to CNBC, Elizabeth Warren, the top Democrat on the Senate Banking Committee, will criticize the Clarity Act cryptocurrency market structure bill during remarks scheduled for Monday evening local time. The Senate is expected to hold a key preliminary vote on the bill Tuesday afternoon.
According to a report by Eleanor Terrett, an increasing number of U.S. Senate Democrats are open to supporting the Clarity Act, but remain dissatisfied with the current ethics provisions. Some Democratic senators who previously supported sending the bill to committee have yet to take a clear stance, as they had expected stronger ethics clauses to be added before a floor vote. The report noted that Senator Kirsten Gillibrand is encouraging colleagues to vote to advance the bill and continue discussions during the full Senate session.
According to CoinDesk, the Senate is set to vote on the Digital Asset Market Clarity Act (CLARITY), with analysts predicting that even if the bill fails, Wall Street's expansion in crypto business related to tokenization and ETFs has already become irreversible.
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins expressed support for the CLARITY Act to establish a regulatory framework during the hearing, while emphasizing that the SEC will still proceed with its planned crypto asset rulemaking even if the bill fails to pass.
US Senator Cynthia Lummis stated that Democrats will continue to monitor and request details on consumer protection and liability disclaimers during the legislative process of the Crypto Markets Clarity Act.
According to an Odaily report, a Fox Business crypto reporter posted on X that Senate Democrats are expected to meet tonight to discuss Clarity Act strategy and coordinate a counterproposal to the text Republicans released last night, even though Republicans insist that the text is their "last, best, and final" offer. The bill will face its first major test on the Senate floor in less than 24 hours.
Trump agreed to include an ethics provision in the Clarity Act that bans senior officials from issuing cryptocurrencies, while also allowing him to continue profiting from World Liberty Financial, breaking the legislative deadlock.
The U.S. Senate is scheduled to hold a final vote on the Clarity Act on September 15, but the bill faces key controversy due to a provision allowing cryptocurrency platforms to pay stablecoin yields to users, which has sparked strong opposition from the banking sector.
As the Clarity Act advances through the Senate, it faces opposition from 18 state attorneys general, who argue that the bill would undermine state-level regulatory authority; meanwhile, the bill's proponents have introduced compromise provisions to address conflict-of-interest concerns.
According to the official website of the New York State Attorney General’s Office, New York Attorney General Letitia James, joining attorneys general from 17 states including Arizona and California as well as the District of Columbia, formally opposed the Digital Asset Market Clarity Act (Clarity Act) in a September 14 letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren. The coalition warned that the bill would undermine states’ law enforcement authority to combat cryptocurrency fraud, grant the SEC unilateral power superseding state registration authorities, and potentially destabilize the existing state securities regulatory framework. FBI data shows that losses from cryptocurrency-related complaints reached $11.4 billion in 2025, a 22% year-over-year increase; New York reported nearly $500 million in crypto fraud losses over the past five years. The attorneys general urged Congress to amend the legislation to explicitly preserve states’ law enforcement and registration regulatory authority over digital assets, and to strengthen law enforcement cooperation mechanisms between federal and state governments.
According to an analysis by Jiangzhuoer (@Jiangzhuoer2), CEO of Litecoin Pool, after Republicans released a new draft of the Clarify Act claiming concessions on 80% of the disputed provisions, Polymarket's passage probability rose accordingly from 14% to 28%. Upon closer inspection, however, the actual concession rate is around 60%, with only partial compromises made on key provisions. Under the ethics clause, the new draft expands restrictions to officials and their spouses but still excludes children and affiliated entities, a move criticized as having limited practical impact; regarding the enforcement clause, while it allows state attorneys general to sue exchanges for listing non-compliant tokens, it explicitly bars suing the Department of Justice for regulatory inaction or the President directly. Jiangzhuoer believes that Democrats lack any incentive to "hand Trump a gift" ahead of the midterm elections, making it unlikely they would endorse this "fake compromise." Consequently, the prospect of the procedural vote passing at 2:15 AM Beijing Time on September 16 is slim, and a failed vote on the Clarify Act could mark the beginning of a correction in the current BTC uptrend.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Odaily report: A Fox Business crypto reporter posted on X that U.S. Senate Republicans have released a new version of the "Clarity Act" text, which incorporates a revised ethics proposal agreed to by Trump and adjusts provisions related to the "Blockchain Regulatory Certainty Act," stablecoin yield, and the so-called "Ag" section. Republicans called this their "last, best, and final" offer to Democrats ahead of Tuesday's vote to end debate proceedings.The new text narrows the scope of the "Blockchain Regulatory Certainty Act" to the Bank Secrecy Act and civil enforcement, and removes specific language extending related protections to criminal cases, including prosecutions under Section 1960. The ethics proposal includes requiring Trump to sell "substantial" crypto-related financial interests or place them in a blind trust, and allows state attorneys general to enforce the ethics provisions; the stablecoin yield clause adds a "circuit breaker" mechanism, under which federal regulators can intervene if there is evidence of large-scale flows from community bank deposits into stablecoins, with Treasury Secretary Scott Bessent serving as the adjudicator.The "Ag" section adds new restrictions on vertical integration, including related-party transactions and conflicts of interest involving digital commodity exchanges, brokers, and dealers, and clarifies that state consumer protection laws still apply; the developer protection clause will not constitute an exemption from derivatives law, nor will it affect prediction markets.
The U.S. House Ways and Means Committee is scheduled to hold a markup on September 16 of a series of digital asset tax bills, moving crypto tax legislation toward a full House vote. The markup focuses on two core issues: when miners and stakers should be taxed on newly created tokens, and whether wash sale rules applicable to stocks should extend to digital assets.The two key bills are the "Mining and Staking Tax Clarity Act" H.R. 9175 and the "Applying Existing Tax Anti-Abuse Rules to Digital Assets Act" H.R. 9172. The former provides that miners and stakers need not pay tax immediately upon receiving new tokens, and can instead pay tax as ordinary income when the tokens are actually sold; the latter extends wash sale and constructive sale rules to actively traded digital assets, closing a tax loophole that crypto traders have exploited for years.
According to Forbes, Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, stated that the legislative window for the U.S. Crypto Market Structure Bill, the Clarity Act, is narrowing. If the procedural vote this week fails, there will be significant uncertainty regarding when the bill can advance again. The bill is currently scheduled for a procedural vote on September 15.
Odaily News: Reporter Eleanor Terrett stated that ahead of a key Senate vote, the new version of the Clarity Act text has been released. Senate Republicans have revised the DeFi and credit union-related provisions in the bill, but the White House remains silent on Trump-related conflict of interest and ethics issues.
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.