Senate Republicans Post Revised CLARITY Act Text Five Days Before Cloture Vote

Crypto Insight Summary: The Sept. 10 substitute adds CFTC registration and Bank Secrecy Act obligations for trading protocols that are not decentralized, limits the DeFi title to spot and cash digital commodity transactions, and clarifies what credit unions may do with digital assets. The seven Senate Democrats who have Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory clarity may reduce uncertainty but lacks immediate market-moving power.