CLARITY Act Hit With 100+ Amendments Ahead of Senate Banking Markup
BeInCrypto
Over 100 amendments, including 40 from Senator Warren, have been filed for the CLARITY Act ahead of its Senate Banking Committee markup.Summary
The CLARITY Act is facing significant opposition, with over 100 amendments filed by Senate Banking Committee members ahead of a scheduled markup vote. Senator Elizabeth Warren alone submitted more than 40 proposals. This influx of amendments follows the release of a 309-page draft of the bill. Notable proposals include blocking the Federal Reserve from granting master accounts to crypto companies and prohibiting crypto's use as legal tender for tax payments. The American Bankers Association is also actively lobbying, sending thousands of letters regarding stablecoin yield compromise language. The committee is set to vote on the bill on Thursday.
(Source：BeInCrypto)