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U.S. Senate to resume talks on CLARITY bill, passage uncertain amid Democrat and bank opposition

The U.S. Senate will resume discussions this week on the CLARITY bill, a digital asset market-structure measure. The biggest variable is expected to be ethics provisions addressing conflicts of interest for elected officials involved in crypto, rather than the bill’s regulatory content. Democrats say they may withhold support without such language, while some Republicans want the issue handled separately. Banks also object to parts of the text, adding uncertainty to prospects for passage.