White House lobbies Republicans ahead of CLARITY Act vote
- —CLARITY Act splits crypto oversight between SEC and CFTC
- —At least 60 votes needed to advance in the Senate
- —Banks link stablecoins to deposit outflows from regional banks
- —Senator Cornyn doubts amendments have addressed banks' concerns
Why it matters: The vote's outcome will determine the structure of US crypto regulation and affect the stablecoin market.
Source: Bloomingbit
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