WASHINGTON, Sept 14 : U.S. Senate Republicans on Monday released a revised draft of major cryptocurrency legislation which they said addressed Democrats’ concerns over ethics provisions, as well as banking industry concerns that the bill could hurt lending, ahead of a key vote on Tuesday.

The Clarity Act, which would create a regulatory framework for cryptocurrencies, had stalled amid concerns among Democrats and some Republicans that it had insufficient ethics and illicit finance safeguards and could destabilize the banking system by creating more competition for deposits.

On Monday, Republican Senators Cynthia Lummis of Wyoming, John Boozman of Arkansas and Tim Scott of South Carolina said the new text incorporated 126 substantive…