The post How Banks Won A Quiet Victory Before CLARITY Act Even Failed appeared first on Coinpedia Fintech News
A quietly filed amendment to the CLARITY Act suggests Republican support for the bill was more fractured than initially understood. Senator Jerry Moran (R-Kan.) submitted an amendment aimed at tightening stablecoin yield restrictions, a change requested by banking industry advocates and strongly opposed by the crypto industry. The amendment picked up more than a dozen …