🚨NEW: Following @SenThomTillis comments and a sense of renewed optimism from industry and Senate Banking staff that a Clarity Act markup is within striking distance, efforts are now ramping up to tie up remaining loose ends. With the yield issue largely resolved (per Tillis), attention is shifting to ethics and DeFi, specifically the Blockchain Regulatory Certainty Act and Section 1960 provisions. @SenLummis (R-WY) who’s been leading on this issue, had this to say on the status of those negotiations: “We’ve made significant progress on safeguards for non-controlling developers with respect to money transmitting laws, and I hope to have more soon.” Ethics language is being actively negotiated and those provisions are more likely to be added after the bill reaches the Senate floor, per sources familiar with the process.(Eleanor Terrett)