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新版CLARITY Act草案,新增内幕交易条款并在多个关键章节进行调整

2026-05-12 11:31

Odaily Planet Daily News Galaxy Research Director of Research Alex Thorn stated that the U.S. Senate Banking Committee has released the first updated full draft of the CLARITY Act since January this year. The new draft includes significant adjustments across multiple key chapters, including:

A major rewrite of Chapter One regarding definitions and the authority of the U.S. Securities and Exchange Commission (SEC); the addition of Section 109, an insider trading provision; Chapter Two updates "common control" to "coordinated control"; a rewrite of Section 301 to further clarify the regulatory boundaries between DeFi and CeFi; updates to Section 404 incorporating the compromise proposal from Tillis and Alsobrooks; adjustments to Section 505 narrowing the scope of SEC authority limitations in the tokenization sector; and a restructuring of the bankruptcy and insolvency framework in Sections 701 and 702. Additionally, Section 904 is a new addition titled "Build Now Act."

Alex Thorn also pointed out that the developer protection provisions in Section 604 of the Blockchain Regulatory Certainty Act remain largely intact, with only minor modifications that do not weaken its core protections.