Senator Tim Scott Anticipates New Draft of Clarity Act by Week's End

Senator Tim Scott announced that a new draft of the Clarity Act is expected to be completed by the end of the week. According to NS3.AI, Senate lawmakers are actively negotiating the bill, which aims to establish a regulatory framework for cryptocurrencies in the United States. The Clarity Act previously passed the House with bipartisan support in July. However, the Senate's progress has been hindered by debates over stablecoin rewards, ethics rules, and other unresolved issues as the November elections draw near.