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CLARITY Act Bipartisan Senate Negotiations Fail to Reach Deal Ahead of Thursday Review

GateNews

Regulation & Policy

2026-05-14 02:30:25

According to crypto journalist Eleanor Terrett, bipartisan Senate negotiations aimed at resolving outstanding issues on the CLARITY Act ended without agreement Wednesday night. Republican lead negotiator Cynthia Lummis stated that 99% of the bill’s content has been agreed upon, with hopes to address the remaining 1% after committee passage. Democratic senators, including Adam Schiff and Ruben Gallego, demanded compromise on ethics and conflicts of interest issues before Thursday’s review as a condition of support. Disagreements over modifications to the Blockchain Regulatory Certainty Act (BRCA) provisions, which protect non-custodial software developers from money transmission law prosecution, ultimately blocked the agreement.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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