Senate GOP Unveils Final CLARITY Act as Revolut Suffers Data Breach

US Senate Republicans released a 635-page revised version of the CLARITY Act on Sunday, described by insiders as a final offer to Democrats ahead of a pivotal procedural vote scheduled for Tuesday at 2:15pm ET. The proposal, unveiled by Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis alongside Chairmen John Boozman and Tim Scott, introduces sweeping ethics restrictions on government officials' involvement with digital assets. Lummis stated that President Donald Trump voluntarily agreed to "unprecedented ethics restrictions" covering federally elected officials, judges, and their spouses. The revised text also amends the Blockchain Regulatory Certainty Act (BRCA) and adjusts provisions governing stablecoin yield, reflecting over a year of bipartisan negotiations.

Financial technology company Revolut disclosed that sensitive customer data—including passport copies, verification selfies, and full transaction histories—was exposed following a sophisticated email impersonation scam. Attackers sent fraudulent information requests from a legitimate government agency email domain, successfully passing Revolut's authentication checks before the company identified the breach. Revolut notified affected customers on Friday, and a company spokesperson confirmed to media that an "unauthorised third party utilised a legitimate government agency domain email to submit fraudulent requests for information."

Separately, Nvidia is reportedly evaluating a record-breaking investment in AI startup Anthropic ahead of the company's planned IPO. While deal terms remain under discussion, the potential investment signals continued consolidation between major chipmakers and frontier AI labs. Meanwhile, Bitcoin traded near $77,581 with modest 24-hour movement, and BNB held around $725 as crypto markets awaited further regulatory developments from the Senate vote.