Stablecoin Interest Report Sparks Fiery Demand: GOP Lawmakers Pressure White House for Transparency
Senator Lummis announced that negotiators have reached nearly 99% consensus on stablecoin provisions within the broader CLARITY Act.
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tl;dr
Republican senators are pressuring the White House to release a confidential report on stablecoin interest rates, fearing high-yield digital assets could destabilize traditional banking as the bipartisan CLARITY Act gains momentum.
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CMCynthia M. LummisR-Wyoming
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