CLARITY Act needs 11 more Senate votes, but 4 of the 49 it already has want the bill changed
Summary
Four Republican senators who helped advance the CLARITY Act also backed a bank-supported amendment that would broaden limits on stablecoin rewards. The amendment would replace the bill’s current test for prohibited rewards, remove a provision allowing rewards based on account balances or tenure, and address banks’ concerns that stablecoin products could draw deposits away. The senators’ amendment support does not establish how they would vote on a future procedural motion, but any defections could widen the bill’s existing vote gap. The September cloture vote failed 49-50, well short of the 60 votes required. Negotiations also face a separate dispute over ethics provisions and Democratic support; no new vote date has been set.
