The development
Senator Cynthia Lummis released updated text of the CLARITY Act on September 10, five days before the Senate’s scheduled procedural vote. Her office highlighted revisions involving decentralized finance registration, Bank Secrecy Act obligations, cash-market scope, tribal interests, prediction markets and credit unions.
Why the text matters
Market-structure legislation is defined by jurisdiction and exemptions as much as by its headline goals. Comparing the revised language with committee text is necessary before treating any stakeholder summary as the law.
The next record
Floor amendments and official roll calls will show which provisions command support. A sponsor’s release explains the sponsor’s case; it does not substitute for the legislative text.