The U.S. Senate has released a new amendment to the Digital Asset CLARITY Act. There are two key highlights in this version: protection provisions for open-source software developers and a strict ethical regulation that prohibits government officials from directly issuing or sponsoring digital assets until 2029. According to foreign reports, this appears to be a compromise between the White House and Senate Republicans to address the conflict-of-interest controversies surrounding President Trump's crypto business.

Personally, this amendment feels like a final 'sprint' to get the bill passed before Congress goes on recess on August 7th. The determination to resolve regulatory uncertainty stands out, as they've added a concrete sunset clause of 2029 for the token issuance ban on officials and codified protections for developers. For the industry, the relief regarding developer liability concerns is a quite positive signal.

Of course, the Democratic Party is still sharpening its knives, arguing that these ethical rules are too loose, so further friction is expected. I will be tracking this until the end to see if this dramatic compromise can be passed before the recess and how the specific clauses of the bill will be finalized.

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