On September 14, Senate Republicans dropped the final draft of the CLARITY Act, aiming to crack down on how government officials can get involved in the crypto industry. Senators Cynthia Lummis, John Boozman, and Tim Scott said in a statement that President Donald Trump is on board with the new rules. The text was finalized ahead of a procedural vote scheduled for September 15.

What’s Changed in the Bill

The bill’s authors say they made 126 substantial changes during negotiations, mostly at Democrats’ request. One big concession: state prosecutors would get more power to enforce ethics rules. The bill is designed to tighten restrictions on both current and future officials when it comes to their ties to crypto businesses.

What’s Next

The CLARITY Act heads to a procedural vote on September 15. If it clears that hurdle, it’ll keep moving through the legislative process. For the crypto industry, this could mean stricter boundaries on how officials can interact with crypto companies and assets—though the final details will depend on the bill’s ultimate version.