Senate GOP releases final CLARITY Act text before Sept 15 vote

Sen. Cynthia Lummis, with Sens. John Boozman and Tim Scott, released a final draft of the Digital Asset Market Clarity Act on 14 September 2026, ahead of Tuesday's vote. Lummis chairs the Banking Digital Assets Subcommittee, Boozman chairs Agriculture, and Scott chairs Banking.

This is a Senate leadership press release announcing a final draft of the bill in the H.R. 3633 lineage. It is not final passage, not a presidential signature, and not House concurrence.

The draft, they say, reflects more than a year of bipartisan negotiations and 126 substantive changes made at Democrats' request. The Banking Committee passed the bill 15-9 on a bipartisan vote in May 2026.

New ethics language reflects substantially all of the Tillis-Gallego ethics proposal, including a meaningful role for state attorneys general in enforcement. The text also gives the Treasury Secretary new authority to prevent deposit flight tied to payment stablecoins, framed as a circuit breaker to protect community banks, farmers, and small businesses.

Edits to the Blockchain Regulatory Certainty Act would shield developers from money transmission registration and set a civil safe harbor. Agriculture Committee provisions add guardrails on affiliate trading and conflicts of interest, clarify state consumer protection laws, and protect software developers without changing derivatives regulation or existing CFTC authority.

If cloture is invoked on the motion to proceed Tuesday afternoon, this text would be offered as an Amendment in the Nature of a Substitute. Cloture still only opens debate. Democrats still have to supply votes for the 60-vote threshold. That is not a law.

Related market-structure tape includes the Senate cloture calendar for 15 September, Bessent's large-bank Iran sanction remark, ESMA on Polymarket and Kalshi, and Nasdaq's $100 million Kraken parent stake.

If you trade digital-asset names or write market-structure notes, treat Tuesday's cloture as a 60-vote debate opener on this substitute text (126 Democrat-requested edits and a Treasury deposit-flight tool), not as House agreement or a signed statute.