Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?
White House, banks and crypto industry has two weeks to resolve key issues on the bill
Quick take
Read original at AMBCrypto The Bank Policy Institute opposes the CLARITY Act draft, citing shortcomings on stablecoin yield and illicit finance provisions. The bill needs 60 votes to pass, but tentative Senate backing has dropped below 50, with Majority Leader John Thune doubting its chance of passage before the August recess.
Summarised by netranta from AMBCrypto. Open the original for the full story.
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