CLARITY Act Revision Would Set Rules for Non-Decentralized Finance Protocol Controllers

A revised CLARITY Act would direct U.S. regulators to determine whether controllers of non-decentralized finance trading protocols must comply with securities, commodities, and anti-money laundering requirements. According to NS3.AI, the bill would require the SEC and CFTC to develop activity-based rules for affected controllers. A procedural Senate vote is scheduled for Sept. 15 and needs 60 votes to advance. The ethics section remains largely unchanged from the previous version.