This updated Clarity Act text reflects bipartisan hard work over August—specifying when decentralized-in-name-only DeFi protocols must register with the CFTC and limiting the DeFi provisions to spot and cash transactions, in response to Native American concerns about prediction markets. Overall, this text contains over 100 changes requested by Democrats. Let’s get this done!

lummis.senate.gov/wp-content/upl…

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