Senate Republicans reject Democrats’ CLARITY Act counteroffer as the 60-vote threshold remains uncertain before Tuesday’s Senate vote.
Senate Republicans rejected Democrats’ latest CLARITY Act counteroffer before Tuesday’s 2:15 p.m. ET cloture vote. The bill must get 60 votes to pass, and its fate is still up in the air.
Senate Republicans Reject Democrats’ Latest CLARITY Act Demands
Republicans claim their new plan already includes 126 substantive changes Democrats have asked for. They have offered it as their “last, best and final offer” before the procedural vote.
But Democrats are not happy with some provisions of the bill. They offered more stringent ethics rules, reduced protections under the Blockchain Regulatory Certainty Act, and enhanced conflict-of-interest provisions.
Related reading: 18 State AGs Oppose CLARITY Act Ahead of Senate Vote | Live Bitcoin News
Democrats were not asking for more changes to the rules for stablecoin yields. Sources have described that issue as a Republican-only concern during the negotiations. Meanwhile, Bitcoin dropped below $76,000 after Republicans rejected the Democrats’ latest CLARITY Act counteroffer.
Bitcoin has dropped below $76,000 after Republicans rejected the Democrat Crypto Clarity Act offer. pic.twitter.com/uQ710fuF1O
— Ash Crypto (@AshCrypto) September 15, 2026
The Senate Republicans’ revised proposal was published late Sunday. Changes were proposed to ethics, software developers, and the Agriculture Committee’s cryptocurrency provisions.
Additionally, Republicans introduced a new “circuit breaker” to address concerns about deposit flight due to stablecoins. The provision may offer a solution if there are significant losses of deposits at community banks.
The new plan came after months of talks between the Republican and Democratic senators. But the most recent counteroffer rejection indicates that significant differences still exist ahead of the vote.
Senator Cynthia Lummis, a prominent Republican negotiator, criticized the Democratic response. She said Democrats had mostly reiterated previous demands, rather than taken any steps forward.
So, even with Republicans’ promise of significant bipartisan changes, the Senate still has a tough vote. The final result may be influenced by a few undecided legislators and banking issues that remain.
The CLARITY Act would create a more comprehensive regulatory regime for digital assets. It would also separate the duties of the Securities and Exchange Commission and Commodity Futures Trading Commission.
White House Targets Stablecoin Deposit Flight Concerns Before Vote
The White House is also making its final bid to back the bill. Authorities will release an interactive tool that will explore the relationship between the growth of stablecoins and deposits at community banks.
According to Semafor, the Council of Economic Advisers believes current data does not show meaningful deposit flight. The tool will enable users to tweak scenarios and see the administration’s findings.
Furthermore, White House officials are reacting to banking groups that are objecting to some of the stablecoin provisions. Several banking groups have argued that recent changes do not sufficiently address their concerns.
Sen. John Cornyn (R-Texas) has said he might be swayed by banking concerns. He has doubted the new law is sufficient to safeguard community banks against possible losses.
Meanwhile, some Democrats still object to the ethics changes in the bill. Some senators, including Mark Warner and Adam Schiff, have said the limitations are not stringent enough.
The bill is thus under pressure from both sides of the Senate. Republicans are pushing for Democrats to accept their new package, and Democrats are still looking for more protections.
In addition, the procedural vote needs a majority of 60 senators. Earlier, Crypto In America reported that Republicans may require a few Democratic votes, as some Republicans may be against the bill.
Moreover, Tuesday’s vote may be a pivotal moment in the evolution of cryptocurrency laws in the United States. A failure would stall the bill and perhaps move further discussions into the later months.
If the House passes the bill, it will have to approve the Senate version before it can be enacted into law. Therefore, even Senate approval would not immediately complete the legislative process.
So far, lawmakers are concentrating on getting enough votes for the step. The rejected counteroffer is another hurdle as both sides head toward the closely watched vote on Tuesday.
