CLARITY Act LIVE Updates Today Sept. 14: Bernstein Bullish On Bitcoin, Crypto Rally Ahead Senate Vote

White House Crypto Council Director Patrick Witt Backs New CLARITY Act Stablecoin Rules

White House Crypto Council Director Patrick Witt has backed new stablecoin rules included in the latest CLARITY Act draft. The changes seek to limit stablecoin rewards while giving the U.S. Treasury more authority if bank deposits come under pressure.

Witt said crypto companies have offered stablecoin rewards for years without causing the deposit flight feared by banks. He argued that bank deposits have continued rising rather than falling.

“If the deposit flight myth were true, it would have already happened,” explained Witt. He said data available reveals that deposits are trending upward rather than downward. Read More.

Banking Groups, New York Lawyers Oppose CLARITY Act Ahead Sept. 15 Senate Vote

On September 14, a group of eight banking associations wrote to John Thune, R-S.D., the Senate’s No. 2 Republican, and Democratic Leader Charles Schumer. They called for changes to the CLARITY Act before it moves further through Congress.

The groups called for “a durable regulatory framework” for the digital asset market. They also said that yield offered on stablecoins might draw customers from traditional banks.

In the meantime, New York Attorney General Letitia James is taking a different tack against the bill. She said she has joined 17 other attorneys general in cautioning that the bill may make it more difficult for states to take action against crypto fraud. Read More.

CLARITY Act Faces House Timing Crunch After Senate Vote

Even if the CLARITY Act passes the Senate, it may be subject to a narrow legislative schedule. But the House will be given a tight window if the Senate passes the bill before the Legislature adjourns in October, Thorn said. Then the Senate version will be subject to approval in the post-election lame-duck session in the House. That’s a possibility, but a challenging one historically, according to Galaxy Digital’s Alex Thorn.

“The calendar is still a major problem,” he wrote. The timing also will be a challenge following expected Senate floor action on procedural motions Sept. 15.

CLARITY Act Still Faces Uncertain Senate Vote Despite Compromise

The most recent draft of the CLARITY Act includes some major compromises. But the Democrats’ bid for support is still up in the air ahead of Tuesday’s procedural vote. This is still a partisan draft, Galaxy Digital’s Alex Thorn added.

and if the senate does pass it before they leave DC in October, the House will only be in session this week before breaking

if the senate passes, the house would have to re-pass the senate version during the lame duck session after the election.. possible but historically pretty…

— Alex Thorn (@intangiblecoins) September 14, 2026

He wondered if the modifications would be sufficient to get Democrats on board. “Whether this text is enough to get democrats on the bill is unclear,” Thorn wrote. He says he will see lots of floor action even after receiving 60 votes to proceed. The final result may come back and forth during those negotiations.

CLARITY Act Adds Stablecoin Circuit-Breaker for Community Banks

The new draft of the CLARITY Act includes a protection for smaller community banks against loss of deposits that could be caused by stablecoins. According to Thorn, the prohibition on interest paid on exchanges’ stablecoins will not change. But there is a new “community bank circuit-breaker” added to the bill.

re: yield. the core prohibition on exchange-paid stablecoin interest is untouched

but there’s a new community bank circuit-breaker. if treasury finds within 18 months that deposits at sub-$10B banks migrated to stablecoins because of the section, treasury must write tougher…

— Alex Thorn (@intangiblecoins) September 14, 2026

If banks with less than $10 billion in deposits increasingly move funds to stablecoins due to the clause, Treasury might have to step in to implement stricter rules. Treasury will review the impact in 18 months, Thorn said. The mechanism provides an additional level of regulation on the bill’s stablecoin framework.

XRP Gains Regulatory Feat With CLARITY Act New Text

Bill Morgan, a pro-XRP lawyer, pointed out the changes on X. He stated that the new language differentiates between XRP’s regulatory status and the quantity of XRP that Ripple holds.

Morgan wrote, “Under this most recent draft XRP will be a crypto commodity in secondary markets regardless of how much XRP Ripple holds.”

However, both XRP and Ripple are not named in the bill. Morgan’s statement is a general application of the draft’s network-token provisions to XRP. Thus, the language may become a crucial aspect of the continued XRP regulatory clarity. Read More.

‘It’s Now or Never’: Senator Lummis Stresses CLARITY Act Urgency As Senate Vote Nears

In a recent op-ed, Lummis warns crypto firms that they risk leaving the United States. “After 12 months of negotiations, it’s now or never for this strong, bipartisan compromise,” Lummis declared.

Since there’s no specific federal oversight for crypto, Lummis spotlighted uncertainty for businesses in the digital asset space. She said that it is difficult for the regulators to protect consumers because of the lack of clarity over jurisdiction.

The Wyoming Republican contended that this crypto market structure bill could offer an industry a clear set of directions. She also expressed concerns that businesses could relocate if Congress doesn’t take action. Read More.

Galaxy’s Alex Thorn Raises CLARITY Act Passage Odds to 25%

Alex Thorn, Galaxy Digital’s Head of Digital Asset Research, has upped the 2026 estimate for CLARITY Act passing to ‘high likelihood.’ His chances of making it have increased from 10% to 25%. Thorn highlighted the progress in the field of BRCA, ethics, and state enforcement. Those changes may signal where the bill could garner “marginal” votes, he said.

📜 new CLARITY act text dropped last night. two big things stand out:

the ethics sunset has been deleted entirely. the ban is now permanent, broader, and enforceable by state AGs

and what appears to be a big compromise on BRCA.. all refs to 18 USC 1960 are GONE

— Alex Thorn (@intangiblecoins) September 14, 2026

“We’re raising our odds on passage in 2026 from 10% to 25%,” Thorn wrote. The hike comes on the heels of Tuesday’s Senate procedural vote. Thorn cautioned, however, the legislative calendar is still a big hurdle.

CLARITY Act Gives State AGs New Crypto Enforcement Power

The new CLARITY Act draft provides more power to state attorneys general to enforce its ethics rules. The previous versions were said to restrict enforcement to the Justice Department. State AGs have a new text that enables them to intervene when violations affect residents. The move is “unquestionably” a significant Democratic demand, Galaxy Digital’s Alex Thorn said. If the financial loss exceeds $100 it may qualify, he added.

The provision might help the Republicans gain more Democratic votes before Tuesday’s procedural vote. State enforcement, along with ethics and BRCA changes, is a signpost for where marginal votes may come from, Thorn said.

CLARITY Act Gains New Momentum As Bernstein Backs Ethics Deal

Bernstein thinks the new CLARITY Act proposal may get enough Democratic support to move forward. There were 126 substantive changes that the Democrats requested, which Republicans incorporated. Trump also took on most of a bipartisan ethics package. The agreement will also provide enforcement authority for state attorneys general. It also has crypto wash or blind trust requirements.

Besides, the ethics offer is “probably as good as it gets,” Bernstein said. The modifications may win a few votes from Democrats, the firm said. That could leave place for more negotiations prior to the final vote on the Senate floor. There is also a safeguard for a stablecoin withdrawal.

Bernstein Bullish On Bitcoin, Crypto Rally As CLARITY Act Heads To Senate Vote

The CLARITY Act is gaining new momentum on Wall Street. Hence, Bernstein analysts project that legislators will make more progress than markets have been expecting. The move comes in response to Senate Republicans reaching a compromise on ethics provisions and other Democratic demands.

“It now appears, there may be further progress on Clarity than consensus expectations last week,” remarked analysts led by Gautam Chhugani. They also see room for an upside surprise for Bitcoin and the crypto market. “We reckon, any positive surprise is definitely not priced in,” the analysts said. The comments come before Tuesday’s key procedural vote.

New CLARITY Act Clause Changes Protections for Blockchain Developers

The updated CLARITY Act text will change the treatment of non-controlling blockchain providers and development teams.The updated CLARITY Act will update how non-controlling blockchain providers and development teams are treated. The text reads says that for the development and distribution of software, self-custody hardware or software, and support for distributed-ledger infrastructure, the developer will not be considered a money transmitting business.

Additionally, it states that such entities would not be subject to significantly the same registration requirements just for those activities. The updated text, however, omits a certification clause in Section 1960 and activity in relation to funds from illegal activity or to be used for illegal activities. The deletion is fueling new worries.

CLARITY Act New Text Labeled As "Rug Pull" Ahead Sept. 15 Senate Vote

The new language in the CLARITY Act has raised concerns that developers may be liable for criminal charges. One user on X lashed out at the text by calling it a “rug pull.” For this, he cited the updated Blockchain Regulatory Certainty Act (BRCA) that would have included Section 1960 protections.

🚨BRCA Changes in the New Clarity Act

New BRCA strips out the proposed §1960 protections, leaving developers with regulatory exemptions but substantially less certainty against criminal prosecution.

TLDR: Rug pull.

Redlines vs last BRCA below.

Goodnight, and good luck. https://t.co/101wqjATPh pic.twitter.com/YlgGJNM5KT

— Andre Omietanski (@punk6052) September 14, 2026

The latest version retains regulatory exemptions for non-controlling blockchain developers, but the deletion has stirred up issues of increased legal uncertainty. The conflict is coming just before the Senate’s vote on Sep. 15, and it is drawing attention to how the bill will impact developers and blockchain infrastructure providers.

President Trump Agrees to CLARITY Act Ethics Provisions in Final Text

Eliminating one last political obstacle for the Senate’s vote on its September 15 CLARITY Act, President Donald Trump has embraced ethics provisions in the proposed legislation. Senator Cynthia Lummis said that Trump “voluntarily agreed” to provisions restricting “the freedom of speech and expression of federally elected officials, judges and their spouses.

The new legislation also gives state attorneys general more enforcement authority and includes provisions from a bipartisan suggestion that passed through the Senate in a proposal by Senators Thom Tillis and Ruben Gallego. Lummis said, “Democrats got what they wanted; now they need to take yes for an answer.” Read More