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Senate Democrats urged to reject CLARITY Act
The gist
Senate Democrats face a split over the CLARITY Act as a Tuesday procedural vote nears.
The bill's fate could shape how crypto markets are regulated and who oversees them.
How it unfolded
- Sep 14, 2026A bipartisan group of state attorneys general, led by New York Attorney General Letitia James, sent a letter urging the Senate to vote no on the Clarity Act without changes, citing federal preemption of state authority.
- Sep 14, 2026The American Bankers Association led nearly 80 other banking groups in a letter to Thune and Schumer urging the Senate to strengthen the bill's stablecoin provisions.
- Sep 14, 2026Senate Republicans released new text late Sunday altering sections Democrats had pushed to change.