CLARITY Act Faces Delay as Banks Push Back on Stablecoins
As Chairman, Senator Tim Scott received the request from Tillis to delay the committee's markup of the crypto legislation.
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Senate Push Might Delay CLARITY Act as Stablecoin Yield Debate Intensifies7 articles·6 sources·Avg cred 37/100
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tl;dr
The CLARITY Act's progress in the Senate is stalling as Senator Thom Tillis calls for a delay to resolve disputes between traditional banks and the crypto industry over stablecoin yield regulations.
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TSTim ScottR-South Carolina
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