CLARITY Act: Senate vote as White House launches stablecoin tool
- —The White House is launching a tool to model stablecoins' impact on bank deposits
- —Senate Democrats are preparing a counterproposal to the final version of the CLARITY Act
- —Coinbase CEO Brian Armstrong expects more than 60 votes for the bill
- —Lawyer John Deaton predicts Democrats will block the bill
Why it matters: The outcome of the vote will determine the U.S. crypto market's regulatory framework and could trigger sharp moves in BTC, XRP and altcoins.
Source: Coinpedia