Garlinghouse: CLARITY Act is the result of serious compromises, not concessions
- —Garlinghouse: the agreements on the CLARITY Act 'were not minor'
- —Bessent confirmed support and the right to intervene if bank deposits flow out
- —Senators Tillis and Alsobrooks agreed to ban yield on idle stablecoins
- —The ethics provision expires on January 20, 2029 — the day the president's term ends
Why it matters: The outcome of the CLARITY Act vote will determine regulation of the US spot crypto market and the status of XRP.
Source: Coinpedia