Trump-Supported 'Clarity Bill' Aims for Senate Vote on 15th

The Trump-backed U.S. Virtual Asset Market Structure Bill, known as the 'Clarity Act,' is poised for a Senate procedural vote on Thursday (local time). While Republican senators have introduced an amended version of the Digital Asset Market Clarity Act (H.R. 3633), it remains unclear whether the bill will secure enough Democratic support to pass. The amendment includes restrictions on virtual asset transactions by public officials and their spouses, requiring significant holdings to be divested or placed in blind trusts. It also establishes ethics rules for enforcement of conflicts-of-interest provisions under the virtual asset law, allowing state attorneys general to enforce violations. The amendment narrows the scope of fund transfer operators for DeFi developers, adds civil safe harbors, and includes a temporary restriction mechanism for stablecoin compensation to prevent regional bank deposit outflows.