Senate Republicans have released an updated version of the CLARITY Act after negotiations during the August recess, but several of the bill’s most politically sensitive provisions remain unchanged ahead of a Sept. 15 procedural vote.

The new 630-page Senate text, identified as EHF26718, includes revisions covering decentralized finance (DeFi), digital-commodity transactions and banking provisions. However, the ethics section, the Blockchain Regulatory Certainty Act (BRCA) provisions and the stablecoin-yield provisions remain unchanged from the previous draft.

Crypto journalist Eleanor Terrett reported that those sections were not altered. They have been central to negotiations involving Republicans, Democrats, banks and crypto companies for months. The lack of changes could make it more difficult to secure the 60 votes generally required to end debate through cloture.

Lummis Says Democrats Secured More Than 100 Changes

Senator Cynthia Lummis, who released the updated text, said the latest version reflects bipartisan work conducted during the August recess. In a post on X, she said the bill includes more than 100 changes requested by Democrats and claimed that Democrats secured more than 115 wins in the text.

“They demanded the felony bar on fraudsters, $150M for the CFTC, the crackdown on platforms like Binance, and they got almost everything they asked for,” Lummis said.

The updated bill includes registration requirements for non-decentralized protocols that market themselves as DeFi. Under the proposed rules, those protocols would be required to register with the Commodity Futures Trading Commission (CFTC). The revisions also limit the DeFi provisions to spot and cash digital-commodity transactions and clarify the authority of credit unions to engage in crypto-related activities.

The full Senate text is available in the official EHF26718 document.

Lummis urged Senate Democrats to support the bill, describing it as legislation they helped build. “Anything less is walking away from their own work,” she said in another X post.

Senate Democrats Have Not Responded

The updated text leaves the CLARITY Act’s prospects uncertain before the Senate vote scheduled for Sept. 15. Lummis and other stakeholders, including Treasury Secretary Scott Bessent, have advocated for the bill’s passage, while Senate Democrats have previously said they would not support it without changes to the ethics provisions.

Democrats have not yet commented on the latest version, and it remains unclear whether major amendments will be proposed before the vote. Polymarket odds related to the bill moved from 16% to 19%, reflecting the uncertainty described in the report.

There are also concerns that failure to pass the bill before the midterm elections could end prospects for pro-crypto legislation, particularly if Democrats gain control of the House. Lummis, one of the CLARITY Act’s most prominent supporters, will not return to the Senate in 2027 because she is not seeking re-election.