Garlinghouse backs Bessent on CLARITY Act ahead of Senate vote
- —Garlinghouse urged senators to vote for the final version of the CLARITY Act on September 15
- —Bessent: the Treasury would gain the right to act on deposit outflows from small banks caused by stablecoins
- —The final draft includes 126 amendments requested by Democrats
- —The procedural vote on H.R. 3633 is scheduled for September 15 at 14:15
Why it matters: The outcome of the vote will determine the structure of U.S. crypto market regulation and the status of stablecoins.
Source: Bitcoin.com