US Democrats Propose Reversal of Republican Amendments to Clarity Act

With the US Senate set to vote on the 'Clarity Act,' Democrats are anticipated to present a counter-proposal that would substantially roll back changes made by Republicans in recent revisions.

Eleanor Tetter, host of Crypto in America, cited industry insiders who expect the Democratic counter-proposal to address most or all of the amendments Republicans added the previous day.

The key question remains whether Republicans will make further concessions before the vote scheduled for Thursday. Tetter noted it is unclear if Republicans will accept additional Democratic demands or insist on voting to advance the bill's consideration before making further revisions.