[U.S. Senate Republicans Release New Version of the Clarity Act, Adjusting Crypto Ethics and Stablecoin Provisions] The U.S. Senate Republicans have released the text of a new version of the Clarity Act, revising provisions related to the BRCA, stablecoin yields, and the Agriculture Committee. The scope of the new BRCA has been narrowed to cover the Bank Secrecy Act and civil enforcement, with references to criminal cases removed. The ethics provisions require divestment of significant crypto financial interests or placement into a blind trust, and allow state attorneys general to participate in enforcement. A circuit breaker mechanism has been added to stablecoin yields, permitting federal regulators to intervene, with the final arbiter being U.S. Treasury Secretary Scott Bessent. The Agriculture Committee provisions strengthen restrictions on vertical integration, related-party transactions, and conflicts of interest. (Source: Eleanor Terrett)