Deep Tide TechFlow message: On July 23, according to The Block, Senate Republicans have released the latest text of the Clarity Act, integrating the versions previously put forward by the Agriculture Committee and the Banking Committee, and plan to submit it to a full Senate vote as early as next week.

The revised bill adds digital-asset ethics provisions that prohibit public officials and their spouses from issuing or sponsoring digital assets, while still allowing them to invest in related assets; the provision will expire at noon on January 20, 2029. The bill also incorporates the “Blockchain Regulatory Certainty Act,” providing a legal safe harbor for non-custodial software developers and clarifying that they do not fall under financial-transaction institutions. Overall, the bill has made progress toward advancing U.S. digital-asset market-structure legislation, but whether it can secure enough support from Democrats remains uncertain.