According to ChainCatcher, the U.S. Senate Banking Committee released an updated CLARITY Act draft this year, marking the first major revision since January. The new draft adds Section 109 establishing insider trading rules and updates multiple provisions, including redefining SEC authority and clarifying the regulatory boundary between DeFi and CeFi under Section 301.
Other adjustments include replacing “common control” with “coordinated control” in Chapter 2 and restructuring bankruptcy frameworks in Sections 701 and 702. According to analyst Alex Thorn, Section 604 retains core developer protections from the Blockchain Regulatory Certainty Act with only minor modifications.
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